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Preview: August's "Mini Non-Farm" ADP Employment and Initial Jobless Claims for the Week will be announced tonight
BlockBeats News, September 4th: The US August ADP Nonfarm Employment will be announced tonight at 20:15, with a previous value of 104,000 and an expected value of 65,000. The US Initial Jobless Claims for the week ending August 30th will be announced tonight at 20:30, with a previous value of 229,000 and an expected value of 230,000. Additionally, the US August Unemployment Rate and August Seasonally Adjusted Nonfarm Employment will be announced tomorrow night at 20:30.
Previously, analysts pointed out that the current labor market data is receiving much more attention than usual. Powell has made this week's nonfarm data particularly important. If the labor market data falls short of expectations, it will significantly increase rate cut expectations, and may even rekindle market expectations for a 50-basis-point rate cut once or multiple times. Powell emphasized the downside risks the economy and employment are facing in his speech at the Jackson Hole symposium - to balance the rate cut expectations of the US government, the market, and his colleagues on the Federal Open Market Committee with the inflation risks that tariffs may cause - the weight of this week's data will also be significantly increased.
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