Analysts: The unexpectedly weak non-farm payrolls data indicates that the US economy is in a state of fluctuation, giving the Federal Reserve a reason to cut interest rates.

Kim Forrest, Chief Investment Officer at Bokeh Capital Partners, stated that the unexpectedly weak non-farm payroll data indicates the economy is in a period of volatility. We know that large-scale layoffs have already occurred. The hiring difficulties during the COVID-19 pandemic have led companies to retain far more employees than they actually need, many of whom are unnecessary. The methods we use to measure the economy may not necessarily convey the truly important information. Higher layoff rates and lower labor force participation rates give the Federal Reserve a reason to cut interest rates. (Jinshi)