According to CoinMeta, the number of non-farm jobs added in the United States in September was only 29,000. Affected by population aging and tighter immigration policies, the growth in labor supply has significantly slowed down. RSM US predicts that adding about 50,000 new jobs per month may become the new norm in the coming two years. It is believed that weak employment growth does not necessarily mean that the labor market has deteriorated, and it is expected that the Federal Reserve will pause interest rate hikes in October. ING Netherlands pointed out that in September, three indicators—non-farm employment, unemployment rate, and year-on-year wage growth—all indicated that the employment market was weaker than expected, especially the slowdown in wage growth, which reduced the necessity for the Federal Reserve to raise interest rates in October. Rabobank believes that the current level of employment is consistent with a relatively stable market, and the reduced wage pressure provides the Federal Reserve with room to observe the data. American United stated that although recruitment in the current employment market has slowed down, layoffs have been few, and the unemployment rate has remained stable. Bank of America noted that wage income growth slowed down in September, but after-tax wage income for low-income families increased by 4.5% year-on-year, indicating that the wage performance of some low-income groups remains resilient. KPMG believes that the Federal Reserve should place anti-inflation at an important position in policy discussions, and pausing interest rate hikes in October can be seen as a risk management measure.