A Reuters poll indicates that nonfarm payrolls are likely to increase by only 62,000 in April, following a 178,000 increase in March, with institutional forecasts ranging from a decrease of 15,000 to an increase of 150,000. The US labor market has been mired in what economists and the Federal Reserve call a "slow hiring, slow laying off" scenario. This impasse is attributed to Trump's trade and immigration policies, as well as the recent war with Iran. Economists say it's too early to see the impact of the US-Iran conflict on the labor market. RSM Chief Economist Joe Brusueras stated that the current state of the labor market remains unchanged. Labor demand is typically determined months before actual hiring, so the impact of the war on labor demand has not yet materialized. The Federal Reserve will focus on wage data, and most importantly, the unemployment rate, which will confirm a new consensus that interest rate cuts will not be implemented this year due to a weak labor market. (Jinshi)