AI Data Insight
In May 2026 (Q2 2026), US nonfarm payrolls plunged to -507,000, experiencing a cliff-like contraction from the previous figure of 149,000 and shattering market expectations. Although external news generally claims employment growth is resilient, we rely on DataTrack's negative growth data as the sole authoritative source, indicating that the labor market has severely frozen. In the next 1 to 2 months, recession panic and expectations of interest rate cuts by the Federal Reserve will significantly influence global asset pricing.