TechFlow reported on August 21 that according to Jinshi Data, the U.S. Bureau of Labor released a preliminary report on the first quarter non-farm employment and wage census in 2024, showing that employment growth was much lower than initially expected. This revision may trigger market concerns that the labor market is deteriorating faster than expected, and increase concerns that the Fed's interest rate cut decision may be delayed. The data will affect Fed Chairman Powell's assessment of the labor market, and he will speak at the Jackson Hole Annual Symposium on Friday.