April Nonfarm Payrolls May Decline Amid Ongoing US-Iran Conflict

April's nonfarm payrolls are anticipated to experience a significant decline, according to Jin10. Despite the ongoing US-Iran conflict causing disruptions and energy inflation continuing to impact the economy, the United States has shown considerable resilience. Even if April's nonfarm data faces the risk of a downturn, a single month's figures are unlikely to substantially alter the current policy consensus of the Federal Reserve.