At 8:30 PM Beijing time on Friday, the U.S. Bureau of Labor Statistics will release the highly anticipated May non-farm payroll report. As businesses and consumers prepare for higher tariffs and economic uncertainty, it has almost become a foregone conclusion that employment growth in May will significantly slow down. The current key question is 'how much will the slowdown be?'
A slight deviation from recent trends may not raise concerns, but data that exceeds this range may trigger a new round of worries in the market about the labor market and the broader economy, and could even prompt the Federal Reserve to take interest rate actions sooner than expected. #我的COS交易