Institution: Disappointing Nonfarm Payroll Data; If Not an Isolated Incident, It Is a Major Warning Sign

Golden Ten Data reported on March 6 that Peter Cardillo, Chief Market Economist at Spartan Capital Securities, stated that the data in the non-farm payroll report was disappointing, and he had to say that it seems to some extent to contradict the view that the labor market is stabilizing. The main issue currently facing the labor market is: Has artificial intelligence really started to replace jobs and made the employment environment more difficult? We also noticed that the previously missing immigrant group in the data has begun to appear in this report. He said: "Unless this is an isolated phenomenon, this is a significant warning signal for the market, indicating that the labor market may still be facing serious problems, and the decrease in employment numbers as well as a sharp rise in wages suggest the possibility of stagflation. If this is not an anomaly and this situation continues for another month or two, then the previously forgotten interest rate cut measures will once again return to the focus of attention."