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The US Non-farm Payrolls (NFP) data released tonight shows an unemployment rate of 4.4% and an employment figure of 119,000. The better-than-expected employment data should have been unfavourable for the market, as it weakens interest rate cut expectations; however, the rising unemployment rate reinforces the possibility of rate cuts. These two pieces of data contradict each other, breaking the conventional understanding of "unemployment rate and employment figures reverse fluctuation."
Historically, similar contradictory data has often been questioned for the existence of "data balance" or even artificial adjustments. Especially in the context of having undergone a long standstill, with ample time to refine the statistics, the emergence of such contradictory results inevitably leads one to ponder the possible policy considerations and non-economic factors that may exist behind them. #逆势上涨币种推荐