U.S. Jobs Decrease by 23,000 in July, Treasury Yields Fall

U.S. employers unexpectedly cut jobs in July, leading to a diminished willingness for the Federal Reserve to raise interest rates, which caused U.S. Treasury yields to rise. The yield on the two-year U.S. Treasury note fell by 8 basis points to 4.16%, while the yield on the 10-year Treasury note dropped by 6 basis points to 4.62%. According to data from the U.S. Bureau of Labor Statistics, non-farm payrolls decreased by 23,000 in July, with revisions to the previous two months' data showing significant downward adjustments. The unemployment rate fell to 4.1%, and the labor force participation rate continued to decline. Analysts point out that the labor market may face challenges, with Tom di Galoma from Mischler Financial Group stating,

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.