The U.S. Department of Labor released data on the 2nd that the non-agricultural sector in the United States created 315,000 new jobs in the non-agricultural sector in August, and the unemployment rate rose to 3.7%, an increase of 0.2 percentage points month-on-month.

China News Service Washington, September 2nd The U.S. Department of Labor released data on the 2nd that the non-agricultural sector in the United States created 315,000 new jobs in the non-agricultural sector in August, and the unemployment rate rose to 3.7%, an increase of 0.2 percentage points month-on-month.

Although the employment data in August was lower than last month, analysis generally believes that the U.S. labor market will continue to remain stable, and it also indicates that the Federal Reserve will still place anti-inflation at the top of its monetary policy.

"Wall Street Journal " pointed out that the employment report in August showed that the labor market, which has always been tight in supply and demand, has taken the first step to "cool down" to a certain extent. The Fed is expected to continue hiking rates by 350 or 75 basis points after the September interest rate meeting.

data shows that U.S. employment growth in August mainly comes from professional and commercial services (68,000), health care (48,000), retail trade (44,000), and 22,000 new people in the manufacturing industry.

In the month, the labor participation rate of the United States rose by 0.3 percentage points month-on-month to 62.4%, still 1.0 percentage points lower than the pre-COVID-19 level. Employees' average hourly wage rose 10 cents month-on-month to $32.36.

AP uses "not too hot, not too cold" to describe the employment situation in the United States in August. Its analysis said: "The slowdown in employment growth in August, coupled with a more moderate salary growth, seems to be conducive to the Fed's slight rate hike by 50 basis points."

The Fed will hold a interest rate agenda from September 20 to 21. Federal Reserve Chairman Powell had sent out a "hawkish" signal of continuing interest rate hikes at the end of August, and said it would bring "pain" to the economy. He said monetary policy measures taken to reduce inflation could lead to a decline in economic growth and a weaker job market. (End)