1. Non-farm Payrolls (NFP):

• Actual: 22K

• Forecast: 75K

• Previous: 79K

👉 This is a very weak number, much lower than the forecast and a sharp decline compared to last month.

• Indicates that the US labor market is clearly weakening.

2. Unemployment Rate:

• Actual: 4.3%

• Forecast: 4.3%

• Previous: 4.2%

👉 In line with forecasts, but higher than last month, meaning the unemployment rate continues to trend upwards.

🤧🤧 This will be the time for the Fed to really think hard about the upcoming interest rate decision to support the economy.