The latest US non-farm payrolls data was far below expectations, triggering market concerns about an economic recession, causing the three major US stock indexes to open lower, and the cryptocurrency market was also red!
US President Biden acknowledged the slowdown in job growth, but emphasized that the overall performance was good. Since he and Vice President Harris took office, the United States has added nearly 16 million jobs, the unemployment rate is low, and income growth has exceeded the rate of price increases.