美国8月非农“大爆冷” 巩固美联储9月降息预期

Group 1 - The core viewpoint of the articles indicates a significant slowdown in U.S. job growth, with the unemployment rate rising to its highest level since 2021, raising concerns about a potential worsening labor market [1][2][3] - In August, non-farm payrolls increased by only 22,000, far below the expected 75,000, while the unemployment rate rose to 4.3% [2][3] - Job growth has been concentrated in healthcare, leisure, and hospitality, while sectors such as information, finance, manufacturing, federal government, and business services saw substantial job losses [2][3] Group 2 - The average job growth over the past three months is only 29,000, marking the weakest employment growth phase since the pandemic began, with job additions consistently below 100,000 for four consecutive months [3] - The disappointing employment report has increased expectations for a Federal Reserve interest rate cut in September, with a 98% probability of a 25 basis point cut anticipated [4] - The yield on the two-year U.S. Treasury note fell to 3.5%, and the ten-year note yield dropped to 4.1%, both reaching five-month lows, indicating a market reaction to the employment data [3]