TechFlow, September 5 — According to Jinshi Data, U.S. employment growth slowed significantly in August, with the unemployment rate rising to 4.3%, confirming a weakening labor market and laying the groundwork for the Federal Reserve's rate cut this month. The U.S. Bureau of Labor Statistics reported on Friday that nonfarm payrolls increased by only 22,000 in August, below the expected 75,000 gain, while July’s nonfarm payrolls were revised upward to an increase of 79,000.
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