The US non-farm data was a big surprise, with the number of new jobs far exceeding market expectations, but the unemployment rate unexpectedly rose. What's going on?

According to data released by the US Department of Labor, the seasonally adjusted non-farm employment increased by 272,000 in May, far higher than the market expectation of 185,000. However, puzzlingly, the US unemployment rate unexpectedly rose to 4%, the highest since January 2022. At the same time, the US employment participation rate unexpectedly fell to 62.5%, lower than the expected 62.7%. This series of data seems contradictory. On the one hand, the number of new jobs has soared, while on the other hand, the unemployment rate has risen and the employment participation rate has fallen. This makes people wonder whether the US data is true and reliable. In fact, US data has always been controversial because the data can be artificially modified and interpreted. Like a little girl who can be dressed up by anyone, US data may also be used to serve specific political and economic purposes.

Although the US data is confusing, it also reflects the complexity and uncertainty of the current US economy. For investors, it is necessary to remain vigilant and look at the truth behind the data rationally. Welcome to leave a message in the comment area to share your views!