U.S. Non-farm Employment Data to be Released at 8:30 PM Tonight
Market Expectations Non-farm Employment Change: The market generally expects an increase of 135,000, with the previous value at 228,000. Some institutions (such as Bank of America) predict a higher value of 165,000. Unemployment Rate: Expected to remain at 4.2%, unchanged from the previous value. II. Data Background and Influencing Factors Economic Environment U.S. GDP contracted in the first quarter (J.P. Morgan forecast -1.75%), raising concerns about economic recession. ADP non-farm data significantly below expectations, only 62,000, the lowest since July 2024, intensifying market expectations of a weak job market. Policy Relevance Non-farm data will affect expectations for the Federal Reserve's monetary policy. If the data is below expectations, it may strengthen the possibility of interest rate cuts; conversely, it may delay easing policies.