TechFlow news, July 21 — According to Jinshi Data, a research report from CITIC Securities stated that major U.S. employment indicators include nonfarm payroll growth, unemployment rate, initial jobless claims, and job openings. Judging from multidimensional U.S. employment data, the labor market remains resilient. Although initial jobless claims have risen and the one-month U.S. private sector employment diffusion index is in contraction territory, key metrics such as nonfarm payroll growth and unemployment rate continue to reflect labor market resilience. The stabilization of multiple data points supports the Federal Reserve's decision to adopt a wait-and-see approach before cutting interest rates. The Fed does not need to rush into rate cuts, making a rate cut in July unlikely.
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