According to data released on May 7, non-farm payrolls in the United States were much lower than expected in April, and the unemployment rate rose.

Non-farm payrolls in the United States changed by 266000 in April, with a forecast of 998000, compared with a previous value of 916000.

The unemployment rate in the United States in April was 6.1%, compared with an expected 5.8%, with a previous value of 6%.

After the news was announced, Nasdaq futures rose in the short term, while Dow futures fell in the short term.

The dollar index DXY continued its decline, hitting 90.418, its lowest level since Feb. 26, 10-year Treasury yields fell to 1.48 per cent, and spot gold rose to 1.42 per cent above $1840 an ounce.

CNBC said the employment situation in April was very disappointing, with non-farm payrolls rising by 266000, well below expectations, the unemployment rate rising to 6.1 per cent and the shortage of available labour rising.

It is reported that Biden will speak on the non-farm report at 23:30 this evening.The White House is ready to hold a high-level meeting on the jobs report, and President Joe Biden and his economic team, Treasury Secretary Yellen, will attend a later briefing.

Analyst Chris Anstey said Biden is expected to say tonight that tonight's weak jobs report proves why a $1.9 trillion epidemic assistance bill is needed in March and why the government needs to press ahead with its $4 trillion long-term economic plan.

Zero hedging, a financial blog, said the White House had planned to make a high-level response to the report. It will be interesting to see how Biden interprets this huge data gap, which will at least keep the Fed from talking about scaling back its bond purchases in the coming months.