The market believes that the US unemployment rate will remain at 4.1% in July and will be lower than expected, and non-agricultural employment may increase by 175,000

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 it hit a 50-year low of 3.4% in April 2023, which has led to concerns about a recession. Economists believe that these concerns are misleading, pointing out that layoffs are still at a historical low. (Jinshi)