就业数据疲软，美联储9月降息几乎板上钉钉！

Group 1 - In August, U.S. job growth significantly slowed, with only 54,000 jobs added, below the market expectation of 68,000 and a sharp decline from the revised 104,000 in July [1][3] - The labor market is showing signs of cooling, with reduced job vacancies and a slowdown in wage growth, indicating a shift towards a more relaxed supply-demand relationship in the labor market [1][5] - The ADP report indicates that while overall hiring has slowed, sectors like leisure, hospitality, and construction continue to see growth [3][5] Group 2 - The manufacturing, transportation, and education sectors experienced negative job growth in August, highlighting a broader trend of hiring deceleration across both goods-producing and service sectors [5][7] - The Challenger report shows that hiring intentions have dropped to the lowest level since 2009, while layoffs have increased significantly, reflecting a cautious approach from employers [5][7] - Market analysts agree that the slight cooling of the labor market is a fact, leading to a consensus that the Federal Reserve is likely to cut interest rates by 25 basis points in the upcoming meeting [5][7] Group 3 - The upcoming non-farm payroll report is anticipated to be a critical reference for the Federal Reserve's decision, with expectations of a 75,000 increase in non-farm jobs and a slight rise in the unemployment rate [7] - Following the ADP data release, U.S. stock futures showed minimal volatility, with the Nasdaq 100 futures down approximately 0.25%, and the dollar index remaining stable around 98.25 [7]