New data from CITIC Securities reveals a weakening trend in U.S. employment for August, with the unemployment rate rising to 4.324% compared to 4.248% in July. This increase aligns with market expectations and reflects a broader decline in both government and private sector jobs. Other significant indicators like ADP and PMI also show declining trends, signaling that the job market is not as strong as initially perceived. Despite these fluctuations, economists don’t anticipate an immediate recession. The Federal Reserve, facing increasing risks to the job market, anticipates interest rate cuts, with a 25 basis point reduction expected at its September meeting, followed by further reductions in October and December.