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Announcement: The initial value of the US Non-Farm Payrolls benchmark revision will be released tonight at 10:00 PM
BlockBeats News, September 9th: The annual initial value change of the US non-farm payroll benchmark (in thousands) will be announced by the US Department of Labor tonight at 22:00, with a previous value of -59.8.
This data is a revision of the non-farm employment data for a period of time (usually the previous year), reflecting a more accurate employment situation and having a significant impact on interest rate cut expectations. In August, Federal Reserve Chairman Powell has effectively surrendered, with the market fully pricing in a Fed rate cut in September, attributing it to "weakness in the labor market."
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