The Financial Times' commentary on the non-farm payroll report noted that the US economy added 130,000 jobs in January, far exceeding market expectations, indicating signs of improvement in the US labor market after a series of weak data. US Treasury yields jumped in response as investors lowered their expectations for interest rate cuts this year. The yield on the two-year Treasury note, particularly sensitive to monetary policy, surged to 3.55%, a one-week high. The unemployment rate slightly decreased to 4.3%. After years of strong growth, US hiring activity is expected to slow sharply by 2025. A series of new reports released last week suggested that the labor market could deteriorate further with increased layoffs and fewer job openings. However, the latest data will help reinforce Federal Reserve Chairman Powell's argument that the labor market is showing "signs of stabilization." (Jinshi)