美国就业崩盘！非农创9个月新低，市场瞬间炸锅！

Group 1 - The core point of the article highlights a significant downturn in the U.S. labor market, with July's non-farm payrolls adding only 73,000 jobs, the lowest in nine months, and substantially below the market expectation of 104,000 [1][3] - The revisions for May and June show a combined loss of 258,000 jobs, indicating a more severe decline than initially reported [1][3] - The unemployment rate increased slightly from 4.1% to 4.2%, but this is misleading as it reflects a decrease in labor force participation rather than an increase in joblessness [3][6] Group 2 - Average hourly earnings rose from 3.7% to 3.9% year-over-year, suggesting that those still employed are earning more, which complicates inflation control for the Federal Reserve [5][8] - The government sector has been a significant contributor to job losses, with a reduction of 12,000 federal jobs in July and a total of 84,000 since January [5][6] - Most industries, except for healthcare, are stagnant, indicating a lack of expansion and a cautious approach from employers [6][8] Group 3 - There is a notable increase in the number of individuals who want to work but are not actively seeking employment, totaling 6.2 million in July, which reflects a growing sense of disengagement from the labor market [6][8] - The current labor market data is crucial as it may influence the Federal Reserve's monetary policy decisions, with potential implications for interest rate adjustments [8] - The article suggests that the non-farm payroll report could serve as a pivotal point for the Federal Reserve's policy direction, raising questions about whether to cut rates or maintain the current stance [8]