AI Data Insight
According to the latest provided data, US nonfarm payrolls for Q3 2026 recorded -87,000. Although the decline narrowed compared to the previous reading of -507,000, it remains deeply entrenched in contractionary territory. Despite the market consensus initially expecting employment to return to positive growth, the actual data and the significant layoffs in the education and retail sectors within the details both highlight weak corporate labor demand. Against the backdrop of a comprehensive cooling in the job market, the probability of a rate cut by the Federal Reserve in September has surged, becoming the core focus of the market in the short term.