The number of new jobs in the United States reached 272,000, far exceeding the market expectation of 185,000. The unemployment rate rose to 4.0% in May, the first time since January 2022, higher than market expectations, after remaining below 4% for 27 consecutive months. The annual wage rate was 4.1%, and the expected value was 3.9%.

After the data was released, U.S. interest rate futures traders significantly reduced their bets on the Fed's interest rate cut in September. Now market participants generally believe that the probability of a rate cut is 55%, while previous data showed 70%. The US dollar rose in response, while gold and silver prices fell.

The strong employment data shows that the US economy is still resilient, which may keep the Fed on the sidelines in the short term. This time the data directly poured cold water on the expectation that the Fed may cut interest rates in the near future! U.S. Treasury yields rose again during the session! The U.S. dollar index rose, and other non-U.S. currencies and commodities all showed the opposite trend! #非农就业人数高于预期