Analyst: Non-farm report is slightly weak, pay attention to Waller’s speech later

According to BlockBeats, on September 6, analyst Cameron Crise said that at first glance, the employment data was very close to the surface consensus, although the previous value was revised. The unemployment rate fell to 4.2%, in line with the median forecast, but it indicated a reversal of the recent upward trend, which was somewhat comforting, especially with the participation rate remaining unchanged, and household employment increased by 168,000, close to the increase in non-farm payrolls (142,000). It should be reminded that the data for previous months was revised downward by 86,000, so from this perspective, the report was slightly weak. This is unlikely to be a decisive factor in affecting a 25 or 50 basis point rate cut, so Waller’s speech a few hours later is the key. (Jinshi)

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