AI Data Insight
The latest US non-farm payroll data unexpectedly plummeted by 92,000 (previous value +130,000), falling far below market expectations and marking the first negative growth since April 2020. Heavily impacted by strikes in the healthcare sector, extreme weather, and a wave of layoffs in the tech industry, the data indicates that the "no hire, no fire" stalemate has been broken, flashing red signals for an economic recession.