经济学家: It is still too early to see the impact of the US-Iran conflict on the labor market

Odaily reported that a Reuters survey shows that after adding 178,000 in March, nonfarm payrolls may only increase by 62,000 in April, with institutional forecasts ranging from a decrease of 15,000 to an increase of 150,000. The US labor market has been in a state that economists and the Federal Reserve call "slow hiring, slow firing." This stalemate has been attributed to Trump's trade and immigration policies, as well as the recent war with Iran. Economists say it is still too early to see the impact of the US-Iran conflict on the labor market. RSM Chief Economist Joe Brusuelas said the labor market situation remains unchanged. Labor demand is usually determined months before actual hiring, so the impact of the war on labor demand has not yet manifested. The Federal Reserve will pay attention to wage data, and most importantly, the unemployment rate. These data will confirm the new consensus that there will be no rate cuts this year due to a weak labor market. (Jin Shi)