PANews reported on March 7th that, according to Jinshi, Kim Forrest, Chief Investment Officer of Bokeh Capital Partners, stated that the unexpectedly weak non-farm payroll data indicates that the economy is in a period of volatility. We know that large-scale layoffs have already occurred. The difficulty in recruiting during the COVID-19 pandemic has led companies to retain far more employees than actually needed, 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.
Analysts: The unexpectedly weak non-farm payrolls data provides the Fed with a reason to cut interest rates, indicating that the US economy is in a state of fluctuation.
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Author: PA一线
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