On Friday, Beijing time, it was once again the monthly non farm payroll data. Labor data is still one of the key concerns of the Federal Reserve, and the unemployment rate has the greatest impact on non farm payroll data, with a previous value of 4.1% and market expectations of 4.1%. In fact, the unemployment rate data has returned to the time when any data was bad. If the unemployment rate continues to decline, it will lower the expectation of interest rate cuts for the Federal Reserve. After all, a decrease in unemployment rate represents a good economy in the United States, and indeed, a decrease in unemployment rate can alleviate market anxiety about economic recession. If the unemployment rate data rises, or even the magnitude of the increase increases, although it does increase the probability of the Federal Reserve cutting interest rates, the higher the unemployment rate, the greater the probability of economic problems. Therefore, even if interest rates are cut, it will be considered that the economy is about to decline. So in fact, the best data is to remain unchanged or slightly increase, such as rising to 4.2%, which can send some signals to the Federal Reserve and not panic users, after all, the unemployment rate of 4.2% is still relatively low. After the unemployment rate, it will be the employment data, and the larger the data, the better, which also represents that the current market environment is good and the economy is maintaining a good state. Finally, there is the wage data. If it is too high, it is not conducive to reducing inflation, while if it is too low, there is concern that the economy may have problems. So the difficulty of April is indeed increasing. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex