U.S. Unemployment Rate at 4.2% in August, Copper Prices Rebound Amid Market Fluctuations

Published: Sep 9, 2024 19:26

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Last Friday evening, the U.S. unemployment rate for August was announced at 4.2%, and 142,000 non-farm jobs were added after seasonal adjustment in August. The employment data still showed a slowdown compared with market expectations. Considering the approaching U.S. election, there is still room for the August data to be revised downwards. After opening high and then falling low, London copper prices rebounded again during the day, fluctuating near US$8,950 per tonne in the morning session, and rose to test US$9,149 per tonne after the Asian session ended.

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