The strange thing about non-farm workers in the United States in August: 70% probability is lower than expected
On September 6th, financial website Forexlive analyst Adam Button pointed out that the US non-farm payrolls report for August frequently shows a seasonal oddity: in the past 23 years of August reports, the pre-revised data was lower than expected in 17 years. It is worth noting that the US Bureau of Labor Statistics may also be improving their seasonal adjustment method due to the higher-than-expected data in the past two years, although only higher by 15,000 and 17,000 respectively. For more than 20 years, the probability of data falling short of expectations accounts for 70%. Another thing worth noting is that the disappointing July employment report may be affected by Hurricane Beryl, and there may be a rebound in August.