The market believes that the U.S. unemployment rate in July will remain at 4.1% and fall short of expectations, with non-farm payrolls possibly adding 175,000 new jobs.

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ODAILY
08-02
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Odaily Odaily reported that the United States will release the latest non-farm payrolls report tonight. The market believes that the United States is expected to add 175,000 non-farm jobs in July, and the monthly hourly wage rate will be recorded at 0.3%. Some investment bank analysts believe that tonight's non-farm payrolls report may not perform as expected. Analysts also expect the unemployment rate to remain at 4.1%, which is the level after three consecutive months of increases. The unemployment rate has risen since hitting a 50-year low of 3.4% in April 2023, which has led to concerns about a recession. Economists believe these concerns are misleading, pointing out that layoffs are still at historical lows. (Jinshi)

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