According to PANews, a report from CITIC Securities indicates that the number of new non-farm jobs in the United States for July 2024 fell short of expectations. The revised figures for previous non-farm employment, rising unemployment rate, and slowing wage growth all suggest a continued cooling of the U.S. labor market. However, these marginal changes are not significant in the context of historical data. The unemployment rate remains at a historically low level of 4.3%, influenced by increased labor supply and weather factors, preventing the data from being overly interpreted.

The July non-farm employment data may have deviated from the Federal Reserve's