#美国非农数据即将公布

Non-farm data is coming tonight, and the market is tense. The dollar and U.S. Treasury yields are rising, and investors are on edge. Economists predict that the U.S. non-farm payroll will increase by 155,000 in December, down from 227,000 in November. The unemployment rate is expected to remain at 4.2%.

Early indicators show a slowdown in job growth. ADP data states that private sector jobs increased by 122,000 in December, below expectations. Different industries show varied performance, with strong demand for labor in the service sector but weak hiring in white-collar jobs. With high borrowing costs, companies are controlling costs and reducing hiring.

Despite a slowdown in economic growth, a wave of layoffs has not yet arrived. Companies are cautious about losing key employees, and the low hiring and low layoff market remains healthy. The market is focused on indicators such as labor force participation rate, average hours worked, and wage growth. Wage growth is slowing, leading to pessimism among companies; if growth rebounds, companies are optimistic. Friday's non-farm payroll data is key to assessing the health of the labor market.