Institution: This US Non-farm Payrolls (NFP) data will reflect the extent of early damage caused by tariffs.

MarsBitNews

According to Mars Finance news, on May 2, foreign media analysis reports that the U.S. non-farm payrolls are expected to increase by 165,000 in April, and the breadth of job creation is rapidly narrowing, with employment growth likely concentrated in just two sectors - construction, and professional and business services. Although overall data may still show a stable pump, it will reflect early signs of damage caused by the trade war. The first wave of tariffs implemented in February may have already led to a slowdown in transportation and logistics hiring. With domestic and international tourism declining, hiring in the leisure and hospitality industry will be below its typical spring recruitment numbers. ( Jin10 )

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