Analysts: The Trend of Weakening Labor Market Is Clear, Non-Farm Data May Gradually Reflect This Reality

Odaily News: Investinglive analyst Justin Low stated that the US private data provider Revelio Labs estimates a decrease of 13,300 in non-farm payroll employment for January at the beginning of the new year, and significantly revised down the December data to an increase of 34,400 (previously an increase of 71,100). This is not an official "preliminary estimate" of non-farm payrolls but rather an indicative metric reflecting the overall trend. Revelio Labs' measurement standard is "a set of employment statistics derived from over 100 million professional profiles obtained from professional social networking sites" (such as LinkedIn). While their methodology may seem eclectic, it does serve as a good indicator of the overall trend in the labor market. Therefore, even though today's non-farm data is highly unlikely to show negative growth, the trend is already clear: the labor market is weakening. Under the current economic conditions, non-farm payroll data will continue to reflect this reality over time. When assessing any market reaction to tonight's report, this will remind us: a single data point does not constitute a trend. (Jin10)