🚀 August And September Nonfarm Payrolls Revised Downward
#NonfarmPayrolls #Employment #EconomicData #JobRevisions #AugustSeptember
According to BlockBeats, on November 1, the total nonfarm payrolls for August were revised downward from 159,000 to 78,000, a decrease of 81,000. Similarly, the total nonfarm payrolls for September were revised downward from 254,000 to 223,000, a decrease of 31,000. These revisions indicate that the combined employment figures for August and September are 112,000 less than previously reported.#NonfarmPayrolls #Employment #EconomicData #JobRevisions #AugustSeptember
🚀 U.S. Employment Figures Revised for August and September
#USEmployment #NonfarmPayrolls #LaborStatistics #JobRevisions #AugustSeptember
According to PANews, the U.S. Bureau of Labor Statistics has revised the nonfarm payroll employment figures for August and September. The August nonfarm payrolls have been adjusted from a decrease of 4,000 jobs to a decrease of 26,000 jobs. Meanwhile, September's figures have been revised from an increase of 119,000 jobs to an increase of 108,000 jobs. Overall, the revisions indicate that the combined employment growth for these two months is 33,000 jobs lower than previously reported.#USEmployment #NonfarmPayrolls #LaborStatistics #JobRevisions #AugustSeptember
🚀 Maybank Warns of Record Downward Payroll Revision as Dollar Volatility Persists Ahead of NFP
#Maybank #USdollar #volatility #NFP #nonfarmpayrolls #USjobs #employmentdata #DXY #retailsales #unemploymentrate #jobrevisions #laborreport #payrollrevision #economicdata
The U.S. dollar is likely to remain volatile ahead of the January non-farm payrolls (NFP) release, as markets brace for what could be the largest annual downward revision to U.S. employment data on record, according to Maybank.In a research note cited by Jin10, Maybank said the U.S. Dollar Index (DXY) has recently found near-term support, with some short positions being modestly unwound as investors adopt a cautious stance before the data release. This has helped stabilize the dollar despite weaker-than-expected U.S. December retail sales, which showed zero month-on-month growth.Markets focus on jobs data and revisionsMarket attention is now firmly on January’s U.S. labor report. Maybank expects non-farm payrolls to rise by around 65,000 jobs, compared with roughly 50,000 in the previous month, while the unemployment rate is forecast to hold at 4.4%.More critically, the bank highlighted expectations for a 2025 annual benchmark revision of about -825,000 jobs, a figure that would mark the largest downward revision in U.S. payroll history. Maybank said this looming adjustment has been a key factor weighing on the dollar in recent sessions, as investors reassess the underlying strength of the U.S. labor market.Dollar likely to consolidate before releaseDespite elevated volatility earlier in the week, Maybank expects the dollar to trade in a consolidative range ahead of the NFP release, as markets await confirmation from the labor data.#Maybank #USdollar #volatility #NFP #nonfarmpayrolls #USjobs #employmentdata #DXY #retailsales #unemploymentrate #jobrevisions #laborreport #payrollrevision #economicdata