TechFlow news: On February 11, according to JINSHI Data, Investinglive analyst Justin Low stated that U.S. private data provider Revelio Labs estimated that nonfarm payrolls declined by 13,300 in January—the first month of the new year—and significantly revised December’s figure downward to a gain of 34,400 (previously reported as +71,100). This is not an official “forecast” for the nonfarm payroll report but rather an indicative metric reflecting broader trends. Revelio Labs’ methodology relies on “employment statistics derived from over 100 million professional profiles sourced from career-oriented social networking platforms (e.g., LinkedIn).” While its approach may appear unconventional, it effectively captures overall labor market trends. Thus, even if today’s official nonfarm payroll report is unlikely to show negative growth, the underlying trend is already clear: the labor market is weakening. Under current economic conditions, nonfarm payroll data will continue, over time, to reflect this reality. When assessing market reactions to tonight’s report, this serves as a reminder: a single data point does not constitute a trend.
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