The results of the non-farm payroll report differ somewhat from expectations.
First is the unemployment rate, with a previous value of 4.3%, an expected value of 4.3%, and the final published figure being 4.2%. I mentioned earlier that regardless of the data, it may not always be good news. Now, with the reported figure at 4.2%, the positive side suggests that the U.S. economy is still doing well, while the negative side indicates that the prospect of interest rate cuts is further away.
Of course, the current focus is still on inflation in the U.S., so the unemployment rate data is just that.
Next is the non-farm employment figure, which is not good. The previous value was 172,000, the expected value was 110,000, and the actual result is only 57,000. The U.S. labor force has not been strong since Trump's immigration overhaul.
Other data is about the same; the annual wage growth has increased somewhat, which can be considered slightly positive for the economy. Overall, this non-farm payroll data should not have a significant impact on the current market.
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