Employment Data - In January, non-farm employment increased significantly by 130,000, surpassing the expected 65,000, marking the largest increase since January 2025[7] - Private sector employment added 172,000 jobs in January, with a three-month average of 103,000 and a fourth-quarter average of 50,000[7] - The education and healthcare sectors contributed the majority of the employment increase, adding 137,000 jobs[8] Unemployment and Labor Participation - The unemployment rate fell by 0.1 percentage points to 4.3%, driven by improved job demand[9] - The labor participation rate rebounded by 0.1 percentage points to 62.5%, primarily due to increases in the 20-54 age group[13] Wage Growth - Average hourly earnings increased by 0.4% month-on-month, exceeding the expected 0.3%[19] - Year-on-year wage growth decreased slightly to 3.7%, remaining stable within the 3.7%-3.9% range since the second half of 2025[19] Market Expectations - Following the strong employment data, the probability of a Federal Reserve rate cut in March dropped from 21.7% to 7.9%, and the probability of a cut before June decreased from 75% to 59.8%[2] - U.S. stock indices rose, the dollar strengthened, and U.S. Treasury yields increased, with the 10-year yield reaching a high of 4.2% before retreating[2]

Group 1 - The core viewpoint of the articles is the analysis of the expected growth rates of average hourly wages in the United States for April, with various financial institutions providing their forecasts [1][2] Group 2 - For the year-on-year growth rate of average hourly wages, the consensus among several institutions is +3.8% from previous data, with some institutions like Barclays and Morgan Stanley predicting +3.9% [1] - The month-on-month growth rate of average hourly wages is expected to remain stable at +0.3%, with a few institutions forecasting a slight decrease to +0.2% [2] - The predictions from various banks and financial institutions show a strong alignment, indicating a general consensus on wage growth expectations for April [1][2]