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TechFlow News, June 5: Institutional analyst Curran stated, “We have grown accustomed to significant downward revisions to nonfarm payrolls data; if today’s figure is revised upward instead, it will spark discussions on whether the labor market is stabilizing—or even beginning to accelerate in earnest. It must be emphasized that even a strong data print would require further confirmation before concluding that the market is tightening.” (Jin10)
Institutional analyst Curran: “We’ve grown accustomed to significant downward revisions to the nonfarm payrolls data; if today’s figure shows an upward revision, it would spark discussions about whether the labor market is stabilizing—or even truly beginning to accelerate. It’s important to emphasize that even if the data comes in strong, further observation will be needed before concluding that the market is tightening.” (Jin10)
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