In June, only 57,000 new non-agricultural jobs were added, far lower than the expected 110,000. The total number of non-agricultural workers in the first two months was revised down to 74,000. The labor participation rate fell by 0.3%, causing the unemployment rate to fall falsely to 4.2%. Expectations for interest rate hikes have plummeted, with the probability of a July interest rate hike dropping from 33% to 20%. Gold rebounded by nearly $70 to hit $4,140. The short-term rebound needs to confirm the resistance level of US$4,215. The logic of medium and long-term fiscal deficit and de-dollarization has not changed, and the current cost-effectiveness of batch layout is available.