Group 1 - The core point of the article highlights a significant slowdown in the U.S. job market, with non-farm payrolls increasing by only 22,000 in August, far below the expected 76,500, and the unemployment rate rising to 4.3%, the highest level since 2021 [1][4] - The average job growth over the past three months has been only 29,000, marking the weakest employment growth period since the pandemic, with non-farm employment remaining below 100,000 for four consecutive months [4] - Market reactions indicate a strong expectation of a Federal Reserve interest rate cut, with a 98% probability of a 25 basis point reduction anticipated at the upcoming meeting [6][8] Group 2 - Following the employment data release, U.S. Treasury bond prices rose, with the two-year yield dropping by 10 basis points to 3.48% and the ten-year yield falling over 6 basis points to 4.1%, both reaching five-month lows [5] - Analysts suggest that the weakening job market necessitates lower interest rates to facilitate the transition of employment from the public to the private sector, predicting a series of rate cuts starting this month [8] - The U.S. dollar index declined while the Chinese yuan appreciated, and spot gold prices increased, reaching $3,580 per ounce, reflecting a 1.05% daily rise [9][10]