BlockBeats News, February 11 — Due to a temporary suspension by some government departments, the U.S. January non-farm payroll report, originally scheduled for release last Friday, has been postponed to this Wednesday. Previously, several “secondary” employment indicators showed weakness, raising concerns in the market about a slowdown in employment growth.
Data shows that January ADP employment growth was weak, and Challenger layoffs increased significantly; the four-week moving average of initial unemployment claims rose as of the end of January; December JOLTS job openings fell to their lowest level in nearly five years. However, the ISM manufacturing and services employment indices performed relatively steadily, somewhat easing pessimistic expectations.
Ahead of the non-farm payroll release, White House officials have been actively guiding market expectations. White House senior trade advisor Peter Navarro stated that the market should “significantly lower” its expectations for monthly employment data, believing that in the current context of deporting illegal immigrants and shrinking labor force, an employment increase of about 50,000 per month can be considered “stable,” and should no longer be compared to the six-figure increases during Biden’s administration.
Kevin Hasset, director of the White House National Economic Council, also said that employment data might appear weaker due to a decline in the labor force, but this is not inconsistent with strong GDP growth and productivity improvements, and the market should not panic excessively.
Additionally, the final revision of the 2025 employment baseline data is also noteworthy. Preliminary data previously showed employment figures revised downward by nearly one million, causing market volatility. As non-farm data approaches, the market’s judgment on the Federal Reserve’s policy path and the true strength of the employment market may face a critical test.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
US-Iran Tensions Escalate, Bitcoin Viewed as "Flight Asset"
US-Iran tensions are escalating, with markets beginning to price in prolonged conflict, impacting oil, shipping, and supply chain costs. Investors are focusing on hard assets and related resource sectors, while facing stagflation risks. It is recommended to adopt defensive trading strategies and currency diversification.
GateNews2m ago
U.S. new home sales in January fall to the lowest level since 2022
Gate News reported that on March 19, U.S. new home sales data for January showed that the sales pace had slowed to its slowest level since 2022. The data indicated that new homes in the Bloomington area of Minnesota were starting at 500,000 dollars. New home sales data is one of the important economic indicators for measuring the health of the U.S. real estate market.
GateNews1h ago
UK average wage growth rate drops to 3.8%, unemployment rate remains stable
Gate News Report: On March 19, recent UK labor market data showed that the average wage growth rate (a metric measuring wage increases) has declined to 3.8%, while the unemployment rate remained stable amid economic uncertainty. This data reflects the latest conditions of the current UK labor market.
GateNews1h ago
Central banks worldwide are holding intensive policy meetings this week, with most maintaining interest rates unchanged to counter inflation risks
On March 19, non-USD currencies rose while the US Dollar Index fell over 1%. Multiple central banks held meetings this week and decided to maintain interest rates unchanged, remaining vigilant about inflationary risks from rising energy prices. Markets are concerned about escalating tensions in Iran and stagflation risks.
GateNews2h ago
U.S. S&P 500 Index Turns from Decline to Gain, Oil Price Breaks Below $93/Barrel
Gate News Report: On March 19, the U.S. S&P 500 Index (the benchmark index for the U.S. stock market) reversed early-session losses and recorded gains, while oil prices fell below $93 per barrel. The decline in oil prices provided support for the stock market, easing some inflationary pressures and boosting investor sentiment. This oil price decline occurred against a backdrop of continued market volatility and economic uncertainty.
GateNews4h ago
Cryptocurrency Market Sinks as Trades discount Fed rate cuts
Rising oil prices due to the US-Iran conflict are heightening inflation concerns, affecting investor behavior and prompting risk aversion in markets, especially cryptocurrencies. Policymakers remain cautious, suggesting potential delays in rate cuts amid worsening inflation forecasts from the IMF.
CryptoBreaking5h ago
