Source: Institution Name

BlockBeats News, January 9th, an institutional analysis pointed out that the growth of US December employment may slow down due to corporate caution in hiring amid import tariffs and increased investment in artificial intelligence. However, the unemployment rate is expected to decrease to 4.5%, which may support the market's expectation that the Federal Reserve will maintain interest rates this month. It is expected that tonight's non-farm payroll report will show that the US labor market is still trapped in what economists and policymakers call a "no hiring, no firing" pattern.

This will also confirm that the US economy is in a phase of no job expansion. In the third quarter of last year, economic growth and worker productivity surged, partly due to a sharp increase in artificial intelligence spending. Sal Guatieri, senior economist at BMO Capital Markets, said, "This is not entirely due to weak demand, as the economic performance does not seem poor, but companies are very cautious about hiring new employees. This may be related to a willingness to control costs, perhaps due to tariff pressure, or it may be because many companies believe that AI-driven automation will lead to productivity gains." (FXStreet)