[List of the top five highlights of the US non-farm payroll data in August] 1. Employment growth slowed significantly: The number of non-farm payrolls increased by 22,000 in August. The revised data shows that...
2025-09-05 13:39:10
< b > [Top 5 Highlights of US Non-Farm Payrolls in August] < br > < span class = "section-news" > 1. < b > Employment growth slowed significantly : Non-farm payrolls increased by 22,000 in August. The revised data showed that payrolls were negative in June - the first non-farm payroll decline since 2020. The unemployment rate edged up to 4.3% and the unemployment rate rose to its highest level since 2021. < br > < span class = "section-news" > 2. < b > Divergent trends in different fields : Employment growth was concentrated in the health care and leisure and hospitality sectors, while industries such as information, financial activities, federal government and business services saw significant declines. Manufacturing jobs decreased by 12,000, and a cumulative decrease of 78,000 during the year. < br > < span class = "section-news" > 3. < b > The "DOGE" effect is beginning to appear : The August non-farm payroll data also showed signs of the "DOGE effect", that is, the number of federal government jobs decreased by 15,000 in August, and has decreased by 97,000 since the peak in January. < br > < span class = "section-news" > 4. < b > Signal of weakness overall : Average working week fell to 34.2 hours, which could be a sign of weaker demand for labor by employers, while the labor force participation rate (the percentage of the population who are working or looking for work) rose to 62.3%. < br > < span class = "section-news" > 5. < b > Gold hits new high again : U.S. Treasuries rose on the back of the data, and traders fully digested expectations of a Federal Reserve rate cut this month. The yield on the two-year note fell as much as eight basis points to 3.5 per cent and the yield on the 10-year note fell more than six basis points to 4.1 per cent. Spot gold briefly rose to a record high of $3,586.77 an ounce.
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