[Economist: It is still too early to determine the impact of the U.S.-Iran conflict on the labor market] Odaily Planet Daily News - A Reuters survey shows that after an increase of 178,000 in March, nonfarm payrolls in April may only rise by 62,000, with institutional forecasts ranging from a decrease of 15,000 to an increase of 150,000. The U.S. labor market has been stuck in what economists and the Federal Reserve describe as a state of 'slow hiring, slow firing.' This stalemate has been attributed to Trump's trade and immigration policies, as well as the recent war with Iran. However, economists say it is still too early to assess the impact of the U.S.-Iran conflict on the labor market. RSM Chief Economist Joe Brusuelas stated that the current state of the labor market remains unchanged. Labor demand is typically determined months before actual hiring takes place, so the effects of the war on labor demand have yet to manifest. The Federal Reserve will focus on wage data and, most importantly, the unemployment rate, which will confirm the new consensus that there will be no rate cuts this year due to labor market weakness. (Jin10)