Wall Street analysts: The U.S. employment data reveals signs of economic recession behind the scenes

Data released by the U.S. Bureau of Labor Statistics on the 2nd of this month shows that in April, the U.S. non-farm payrolls increased by 177,000, far exceeding the market expectation of 138,000. In response, analysts on Wall Street pointed out that although this figure is strong, it does little to mask the signs that a recession is approaching in the U.S. David Kelly, Chief Global Strategist at JPMorgan Asset Management, stated that while the non-farm payroll data does not indicate that U.S. companies are engaging in large-scale layoffs or that the unemployment rate is rising significantly, if U.S. tariff policies are not reversed in a timely manner, the impact of these tariff policies will ultimately pull the U.S. economy into the depths of recession