美国9月非农就业意外大增11.9万人 美联储降息决策更趋复杂

Core Viewpoint - The unexpected rebound in the U.S. labor market, as indicated by the September non-farm payroll report, complicates the Federal Reserve's decision on whether to cut interest rates next month [1] Group 1: Labor Market Data - September added 119,000 non-farm jobs, significantly exceeding economists' predictions of 50,000 and notably higher than the revised 22,000 jobs added in August [1] - The unemployment rate rose from 4.3% in August to 4.4%, marking the highest level since 2021 [1] Group 2: Federal Reserve Implications - The positive labor data strengthens the position of hawkish members of the Federal Open Market Committee, who caution against rapid interest rate cuts by the Federal Reserve [1] - Internal divisions within the Federal Reserve are evident, with one faction advocating for a rate cut in December to support the labor market, while another faction expresses concerns over potential inflation risks [1] Group 3: Impact of Government Shutdown - The report is the first economic health indicator released by the Bureau of Labor Statistics since the record government shutdown disrupted the publication of official data [1] - Due to the government shutdown, the Bureau of Labor Statistics announced that it will not separately release the October employment report, with some data being merged into the November report [1]