Analyst: The weakening trend in the job market is clear, and non-farm payroll data may gradually reflect this reality.

Glonghui, February 11｜According to Investinglive analyst Justin Low, US private data provider Revelio Labs estimates that non-farm employment in January at the start of the new year decreased by 13,300, and has significantly revised December's data down to an increase of 34,400 (previously an increase of 71,100). This is not the official "estimate" for non-farm employment, but rather an indicative metric reflecting the overall trend. Revelio Labs' measurement standard is "a set of employment statistics derived from over 100 millions professional profiles obtained from professional social networking sites" (such as LinkedIn, etc.). Although its methodology appears unconventional, it does provide a good indication of the overall trend in the labor market. Therefore, even if today's non-farm data is unlikely to show negative growth, the trend is already clear: the labor market is weakening. In the current economic situation, non-farm employment data will continue to reflect this reality over time. When assessing any market reaction to tonight's report, this serves as a reminder: a single data point does not constitute a trend.