The U.S. August non-farm employment is expected to continue its weak momentum, with the unemployment rate potentially reaching the highest level since 2021.

Economists predict that the non-farm payroll report released on Friday will show the slowest job growth in the United States since the beginning of the pandemic, eliminating any lingering doubts about a Fed rate cut. The median forecast of surveyed economists is that the number of new non-farm jobs added in August may reach 75,000, marking the fourth consecutive month of less than 100,000 jobs added. The unemployment rate is expected to rise to 4.3%, reaching its highest level since 2021. Job growth in the United States has significantly slowed in recent months, with the number of new non-farm jobs added expected to be less than 100,000 for the fourth consecutive month in August.