🚨 RESULTS OF NONFARM NEWSLETTER

Non-Farm Payroll

Estimated: 176K

Previous: 179K

Actual: 114K (Bad News)

Unemployment rate

Expected: 4.1%

Previous: 4.1%

Actual: 4.3% (Bad News)

Average hourly earnings

Expected: 0.3%

Previous: 0.3%

Actual: 0.2% (Bad News)

The Nonfarm index showed negative results. Average wages and hourly income are very low, unemployment rate is too high compared to the previous month. Unemployment benefits increased to the highest level in the past 3 years. Everyone hopes that the FED will reduce interest rates at its mid-September meeting. More specifically, it is still bad news. It won't have too much of an impact, so you can rest assured. Lightly sweeping both ends is not a concern