Highlights of the U.S. April Non-Farm Report

1. Strong Job Growth - According to the U.S. Bureau of Labor Statistics, despite a downward revision of 58,000 jobs in the previous two months, non-farm employment increased by 177,000 in April, better than expected.

2. Unemployment Rate Stable - The unemployment rate in the U.S. remained unchanged at 4.2% in April, while the labor force participation rate (the proportion of the population that is working or actively seeking work) rose to 62.6%.

3. Slowing Wage Growth - Average hourly wages in the U.S. increased by 0.2% month-on-month in April, a slowdown compared to March; compared to a year ago, it rose by 3.8%.

4. Industry Growth Situation - The healthcare sector added 51,000 jobs, the manufacturing sector lost 1,000 jobs, and the federal government reduced 9,000 jobs in April, with a cumulative reduction of 26,000 since January.

5. Market Reaction - Reduced bets on Fed rate cuts; U.S. stock index futures rose, the U.S. dollar index recovered some losses, and yields on two-year U.S. Treasuries, sensitive to policy changes, increased.