Preview: The US Non-Farm Payroll Benchmark Revision Initial Value will be announced tonight at 10:00 PM

BlockBeats News, September 9th: The annual initial value of the US non-farm payroll benchmark change (in thousands) will be announced by the US Department of Labor tonight at 22:00. The previous value was -59.8. An upward revision indicates a stronger economic performance than expected, making the labor market more resilient. A downward revision indicates economic weakness, which may trigger recession concerns. The current market expects a range of job losses between -450,000 and -950,000.

This data is a revision of non-farm payroll data from a period in the past (usually the previous year), reflecting a more accurate employment situation and having a significant impact on rate cut expectations. In August, Federal Reserve Chairman Powell had already yielded, with the market fully pricing in a Fed rate cut in September, attributing it to "weakness in the labor market."