Group 1 - Analysts are struggling to determine the rate of deterioration in the job market, with no significant signs of weakness currently evident from various private surveys and alternative data sources [1] - The end of government shutdown has reduced policy uncertainty, while improvements in global trade have boosted confidence among export-oriented companies, leading to a resurgence in investor risk appetite [3] - The chief economist at RSM indicated that the era of "labor hoarding" in the U.S. job market has officially ended, with AI technology fundamentally altering job demand structures [3] Group 2 - A recent report revealed that Goldman Sachs' layoff tracker has surpassed levels seen at the onset of the pandemic in 2019, predicting a rise in the unemployment rate from 4.3% to 4.5% over the next six months [4] - The probability of the unemployment rate increasing by 0.5 percentage points or more has reached 20%-25%, indicating a concerning trend for the labor market [4] - The current slowdown in the labor market is attributed to structural unemployment caused by factors such as AI replacement and immigration policy adjustments, which differ from cyclical unemployment [4]