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On September 4th, Allianz Chief Advisor El-Erian stated that the latest US jobs report shows that both demand and supply in the labor market far exceeded expectations. Specifically: In terms of job creation, non-farm payrolls surged to 162,000 from an upward revision of 21,000, approximately three times the market consensus expectation. On the labor supply side, the labor force participation rate rose to 61.6% from 61.4%, exceeding expectations and reaching its highest level in nearly a year. Other key indicators included an unchanged unemployment rate of 4.1% and a 0.3% month-over-month increase in average hourly earnings, in line with expectations. Overall, these indicators suggest that the US labor market remains strong, with demand remaining robust and supply stabilizing.

September 4th - Analyst Jessica Coacci points out that in a labor market where both hiring and layoffs are at low levels, some Americans find it difficult to re-enter the job market once they lose their jobs. Data from Friday's employment report's household survey showed that 27% of the unemployed have been unemployed for 27 weeks or more. This percentage has remained relatively stable over the past year or so.

On September 4th, analyst Ben Casselman pointed out regarding the US August non-farm payroll data that the labor force participation rate (the proportion of people aged 25 to 54 who are employed or actively seeking employment) jumped to its highest level in 20 years last year, but fell sharply in June this year. Initially, the decline in June seemed like an isolated incident, but the lack of a rebound in July and August suggests that this decline may be a real trend. The rate is still at a fairly high level, higher than before the pandemic, but its performance is no longer as impressive as before.

September 4th - Stronger-than-expected U.S. jobs data for August fueled market expectations of a Federal Reserve rate hike later this month, causing U.S. stock index futures to fall. Stephen Brown, an economist at Capital Economics, stated, "Even the most ardent doves will find it difficult to justify keeping rates unchanged from the August jobs report. The significant increase in nonfarm payrolls was driven by a broadly strong performance in the non-healthcare private sector, while the unemployment rate remained unchanged despite a sharp rebound in the labor force participation rate." S&P 500 futures fell 17.5 points during the session.

White House National Economic Council Director Hassett: Artificial intelligence data centers are creating new jobs in utilities.

September 4th - According to foreign media reports, Friday's non-farm payroll report showed stronger-than-expected job growth in the US in August, prompting traders to increase their bets on a Federal Reserve rate hike later this month. Short-term interest rate futures prices currently indicate that the market believes there is approximately a 65% probability of a Fed rate hike at its September meeting, up from about 55% before the non-farm payroll report was released. The report showed that US employers added almost three times the number of jobs in August that economists had expected.

On September 4th, market analyst Lydia DePillis, commenting on the US August non-farm payroll data, stated that another sector showing vitality is the construction industry. While this sector experienced job losses last year, it has averaged approximately 11,000 new jobs per month this year. One major driving factor is data center construction—the job growth is largely concentrated in non-residential professional contractors, including plumbers, electricians, and other skilled workers. These skilled workers are indispensable for installing large numbers of servers.

Ukrainian President Zelensky: Russian drones attacked the National Security Service office.

September 4th - A US jobs report showed that 162,000 jobs were added in August, far exceeding expectations, and the jobs data for the previous two months were also revised upwards, causing gold futures to fall. In the previous two trading days, lower US Treasury yields and a weaker dollar had boosted gold prices as investors closely watched the jobs data. After the jobs report was released, US Treasury yields rose and the dollar strengthened. Gold futures for December delivery in New York fell 2.4% to $4,429.50 per troy ounce. Silver fell 2.7% to $65.875 per troy ounce.

September 4th - For the past 15 years, Apple has largely focused on refining its existing product lines and launching services to generate more recurring revenue. While some entirely new device categories have emerged, such as the Apple Watch and AirPods, a sustained output of new concepts has been lacking. This will change starting next week with the "Surprise Dazzle" event on September 9th. New CEO John Tenus will unveil the latest iPhone and Apple Watch, but this is just the beginning. Apple is about to embark on its largest product launch cycle in history, introducing a series of entirely new form factors and product categories in 2026, 2027, and beyond. Apple has been developing this product line for the past five years, and Tenus has repeatedly proclaimed that an era of innovation is on the horizon. In a letter to employees on Tuesday, he wrote: "I am incredibly excited about what's coming. We're having a fantastic event next week, and I'm equally excited about what follows, including great products already in development and future creations we haven't even imagined yet."

The main fuel oil futures contract fell by more than 3%, currently trading at 3,751 yuan/ton.

On September 4th, analyst Colby Smith cautioned that the key factor determining whether the Federal Reserve will raise interest rates later this month will not be the jobs report, but rather the August inflation data. Federal Reserve Governor Waller essentially echoed this sentiment in his speech on Thursday. The Producer Price Index (PPI) report, followed by the Consumer Price Index (CPI) report, will help Fed officials better assess whether the recent two-month trend of improving inflationary pressures continues.

Iranian military spokesman: The response to any potential Israeli aggression will be swifter and more devastating.

The head of Russia's Foreign Intelligence Service said: "The risk of a large-scale conflict in the Eurasian region is real, and we are seriously concerned about it."

Market news: Abu Dhabi technology group G42 is considering bringing in US ownership to secure its AI chip supply.

A regional government official in Kyiv, Ukraine, stated: "Due to enemy sabotage, we have a large amount of damaged products and waste that needs to be quickly and safely removed. This is a challenge for the region because we have never before faced such a situation with so many storage facilities damaged simultaneously and such a large quantity of products."

A regional government official in Kyiv, Ukraine, stated: "In recent weeks, the enemy has launched significant attacks on storage facilities. Some of these facilities stored products, including organic materials."

September 4th - Following stronger-than-expected US August jobs data, the market has increased its expectations for a Federal Reserve rate hike on September 16th. LSEG data shows that the market is currently pricing in a 61% probability of a Fed rate hike, while before the data release, the market expected a 50% probability each for a rate hike and maintaining the current rate. Data shows that the US added 162,000 jobs in August, three times the 53,000 predicted by economists. July's jobs data was also revised upwards.