Interpretation of the big non-agricultural data
The data just released is very interesting, one good and one bad. Combined with recent data, today's data should be favorable.
It stands to reason that such unexpected employment data should be unfavorable, but this time the unemployment rate has begun to rise, and the pace has finally increased. Master Bao said that he would reduce the unemployment rate to 4.5%, and now this data has finally provided momentum.
The increase in unemployment rate is good for reducing inflation. The unexpected employment rate proves that the US economy is still very strong, so the recession may be mild. Judging from the current data, the Fed's soft landing may be achieved.
The interest rate hike should stop in June.
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