On April 3rd, Jerry Tempelman, Vice President of Economics and Fixed Income Research at Mutual of America Capital Management, stated that the market is focusing on the March non-farm payroll report to verify the stability of the labor market. The addition of 178k jobs today helps to ease concerns, and the unemployment rate's slight change to 4.3% is not enough to trigger immediate attention.

However, the slowdown characterized by "low hiring, low layoffs" cannot be ignored. Regardless of how surprising last month's data was, the Federal Reserve's decision to keep interest rates unchanged was already within market expectations. This outcome reflects policymakers' ongoing caution in balancing the short-term shocks felt by the entire economy with long-term economic stability. #Gate广场四月发帖挑战