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brothers and sisters, there is great news from the united states!

u.s. hiring beats all expectations

unemployment rate fell to 4.1%

u.s. job growth exceeded all expectations last month, the unemployment rate unexpectedly fell and wage growth accelerated, reducing the possibility of another sharp interest rate cut by the federal reserve in november.

the u.s. department of labor reported on friday that the u.s. economy created far more jobs than expected in september, indicating a good employment situation and a slight decline in the unemployment rate. nonfarm payroll employment surged by 254,000 for the month, up from a revised august reading of 159,000 and topping expectations of 150,000.

the unemployment rate dropped to 4.1%, a decrease of 0.1 percentage points.

the household employment survey showed a more optimistic picture, with 430,000 new jobs added. average hourly wages rose 0.4% month-on-month and 4% year-on-year, both of which exceeded expectations.

kathy jones, chief fixed income strategist at charles schwab, said, "this report is amazing, far better than expected, and the key is that it is a very good report. the data was revised upward, it shows that the job market continues to be healthy, which means the economy is also healthy."

pricing in the futures market changed sharply following the report, with traders now seeing a sharp increase in the likelihood of back-to-back fed cuts of 25 basis points in november and december. traders have canceled bets on a 50 basis point rate cut in november and expect less than 100 basis points of cuts at the next four fed meetings.

"given this report, the fed has a better chance of making the right decision and not falling behind the curve," said laura rosner-warburton, senior economist at macropolicy perspectives. she pointed out that these data reduce the possibility of another 50 basis point rate cut by the fed.

the solid report is good news for u.s. vice president harris as she enters the final weeks of a presidential election race focused on voters' views on the economy. on the one hand, americans face high costs of living, and on the other hand, they are increasingly worried about their employment prospects.

the white house said in a statement: "today, we received good news for american workers and families. more than 250,000 new jobs were added in september and the unemployment rate fell to 4.1%. according to today's report, we created 1,600 new jobs. million jobs, unemployment remains low, wages are rising faster than prices, unemployment has fallen to a 50-year low, a record 19 million new businesses have been created, and inflation has rates and interest rates are also falling. we're also seeing the power of collective bargaining in raising worker wages -- including progress on record wages for dockworkers and carriers, as well as port operators and the reopening of east coast and gulf ports. "congressional republicans are pursuing bigger tax cuts for billionaires and big corporations, ending the affordable care act, hurting workers by reducing overtime and making it harder to organize, and imposing a national sales tax," the statement added. , which will increase the cost by nearly $4,000 a year while they put billionaires first while we continue to work hard to grow the middle class."

following the report, jpmorgan chase and bank of america now expect a 25 basis point rate cut when the fed meets again in november, having previously called for a 50 basis point cut. jpmorgan chief u.s. economist michael feroli and bank of america economist aditya bhave both pointed to friday's jobs report as the reason for them to adjust their expectations for the fed's easing policy path. considering the fed cut rates by 50 basis points in september, they believe the solid job market is reason for the fed to take a more cautious approach.

gene goldman, chief investment officer at cetera investment management, said: "the non-farm payrolls numbers are stunning. the results far exceeded expectations. the unemployment rate is down, which shows that the economy is strong. today's news confirms that the foundation of the economy is solid. my view on the stock market today the initial move is cautious as the dollar is strengthening and bond yields are moving higher. all the data this week points to a strong economy, which puts the final nail in the coffin for the fed to cut interest rates by just 25 basis points.”

glenn smith, an analyst at gds wealth management, said in a report that nonfarm payrolls grew much faster than expected in september, giving the federal reserve flexibility to cut interest rates by 25 basis points in november or suspend interest rate cuts.

after the non-farm payrolls, cme's "fed watch" shows that the probability of the federal reserve cutting interest rates by 25 basis points by november has risen to 97%, and the probability of cutting interest rates by 50 basis points is 2.5%.

market reaction

u.s. stocks opened higher and moved lower tonight. the dow jones industrial average opened up nearly 300 points, then turned lower.

the u.s. dollar index jumped.

in terms of chinese assets, the china concept stock index rose 2%.

the ftse china a50 index fell slightly.