On September 5, the U.S. Bureau of Labor Statistics will release the seasonally adjusted non-farm payroll data and unemployment rate data for August at 20:30 tonight, including:
The seasonally adjusted U.S. non-farm payrolls for August (in thousands) are expected to be 7.5, compared to the previous reading of 7.3. This data reports changes in non-farm payrolls, excluding agricultural employment. It is derived from a sample survey of U.S. businesses, government agencies, and the non-agricultural sector. The U.S. Department of Labor releases the previous month's non-farm payrolls report on the first Friday of each month.
The US unemployment rate is expected to be 4.30% in August, up from 4.20% in the previous month. This figure, which measures the ratio of unemployed people to the labor force (the number of employed people who are willing to work but are unemployed) over a given period, is a measure of idle labor capacity and a key indicator of unemployment in a country or region. The unemployment rate is one of the most important economic indicators, deeply influenced by labor market supply and demand and the economic cycle. Its level also reflects the health of the economy.
Before the release of non-farm payroll and unemployment data, the probability of the Federal Reserve cutting interest rates in September on CME has risen to 99.4%, and there are 12 days, 11 hours and 5 minutes left until the next FOMC meeting.
