The market is extremely oversold before the releas

Ames Hodgins, managing director and portfolio strategist at U.S. investment bank Stifel, said the latest non-agricultural data still indicates that the U.S. economy will have a soft landing, at least in the next three to six months, and then the situation may get worse. The market was extremely oversold ahead of the jobs data. There's a lot of talk about a "crash," which usually means market sentiment is pretty bearish. The non-farm payrolls data may mean higher interest rates, but interest rates have risen so much now that it affects stock market sentiment to some extent. "This is a positive jobs report, but it means we're closer to a soft landing, at least for now," Hodgins said.