Deep Tide TechFlow News, February 11 — According to Jin10 Data, Investing.com analyst Justin Low stated that the U.S. private data provider Revelio Labs estimates a decrease of 13,300 non-farm jobs in January at the start of the new year, and significantly revises December data to an increase of 34,400 jobs (previously an increase of 71,100). This is not an official non-farm employment forecast but an indicative indicator reflecting the overall trend. Revelio Labs’ measurement standard is “a set of employment statistics derived from over 100 million job profiles obtained from professional social networking sites” (such as LinkedIn). Their method may seem unconventional, but it does a good job of indicating the overall labor market trend. Therefore, even if today’s non-farm data is unlikely to show negative growth, the trend is clear: the labor market is weakening. In the current economic state, non-farm employment data will continue to reflect this reality over time. When assessing market reactions to tonight’s report, this reminds us: a single data point cannot constitute a trend.
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Analyst: The weakening trend in the employment market is clear, and non-farm payroll data may gradually reflect this reality.
Deep Tide TechFlow News, February 11 — According to Jin10 Data, Investing.com analyst Justin Low stated that the U.S. private data provider Revelio Labs estimates a decrease of 13,300 non-farm jobs in January at the start of the new year, and significantly revises December data to an increase of 34,400 jobs (previously an increase of 71,100). This is not an official non-farm employment forecast but an indicative indicator reflecting the overall trend. Revelio Labs’ measurement standard is “a set of employment statistics derived from over 100 million job profiles obtained from professional social networking sites” (such as LinkedIn). Their method may seem unconventional, but it does a good job of indicating the overall labor market trend. Therefore, even if today’s non-farm data is unlikely to show negative growth, the trend is clear: the labor market is weakening. In the current economic state, non-farm employment data will continue to reflect this reality over time. When assessing market reactions to tonight’s report, this reminds us: a single data point cannot constitute a trend.