Robert Pavlik, an analyst at Dakota Wealth, said: The market's reaction was roughly consistent with my expectations for a stronger-than-expected nonfarm payrolls report: 256,000 job gains are good for the general public, but bad for Wall Street. The market hoped that the data would be in line with expectations or weaker in order to get the Fed to move from the sidelines to rate cuts. But this report actually did the opposite. It kept the Fed on hold because the economy didn't seem to need further rate cuts. Many of the jobs seem to be created by the hotel industry. If Trump had his way and expelled 15 million to 20 million people, there would be more job vacancies. (Jinshi)