Employment Data Fluctuates Slightly, Market Focuses on Waller's Remarks
Publication Time:2024-09-06 21:11:08
In a report by金色财经, analyst Cameron Crise analyzed the recent employment data, highlighting that while the unemployment rate remained steady at 4.2%, in line with expectations, this indicator reflects an inverted trend in recent job trends, which is seen as a positive signal for the market. Notably, the number of people employed in households increased by 168,000, slightly below the actual increase in non-farm employment of 142,000. Considering the downward revisions that corrected for a decrease of 86,000 in previous months, the overall report was perceived as somewhat weak. The analyst noted that this report did not provide enough grounds to determine whether the central bank should cut interest rates by 25 or 50 basis points. The market's attention has shifted to the remarks by Fed official Waller hours later, hoping to gain more insights into the direction of monetary policy.
unemployment rate
employment data
Non-farm report
economic activity
Waller's remarks