The U.S. labor market shows signs of fatigue! In July, non-farm payrolls unexpectedly fell by 23,000, and the data for May and June was significantly revised downwards. Expectations for Federal Reserve interest rate hikes have cooled.

Zhituo Finance APP learned that the number of non-farm jobs added in the U.S. in July unexpectedly turned negative, and the non-farm job additions for the previous two months were significantly revised down, indicating that after showing unexpectedly strong resilience earlier this year, the U.S. labor market is facing new challenges. This weak employment data not only raises concerns among investors about the U.S. labor market but may also pose complex interest rate decisions for the Federal Reserve, which is trying to strike a balance between employment and inflation.