U.S. non-farm employment growth slowed in August, and the unemployment rate rose to its highest level since 2021

ChainCatcher news, according to Jinshi reports, the U.S. job growth in August has significantly cooled, with non-farm payrolls increasing by 22,000, and the unemployment rate rising to its highest level since 2021, raising concerns about the deterioration of the labor market. The Labor Statistics Bureau's report shows that employment numbers declined for the first time in June, and the data for July was also shocking. In recent months, both job vacancies and wage growth have slowed down, putting pressure on economic activity. Traders continue to bet that the Federal Reserve will cut interest rates at the September meeting.