Analyst: The unexpected non-farm payroll surprise indicates that the U.S. economy is volatile, providing a reason for the Federal Reserve to cut interest rates.

Odaily Planet Daily reports that Kim Forrest, Chief Investment Officer of Bokeh Capital Partners, stated that the unexpectedly weak non-farm payroll data indicates the economy is in turbulence. We know that large-scale layoffs have already occurred. The difficulty in hiring during the COVID period led companies to retain far more employees than actually needed, and many positions are actually unnecessary. The methods we use to measure the economy may not convey truly important information. Higher layoff rates and lower labor participation rates give the Federal Reserve a reason to cut interest rates. (Jin10)