TechFlame news. On September 8, according to Jin10 data, in the year ending March of this year, employment growth in the US may have been far less strong than shown by current government data. This highlights that the US labor market had already entered a slowing phase long before recruitment slowed this summer.

Economists at Wells Fargo, Unicom, and Penson Macro expect that the revised non-farm payroll annual benchmark data released by the US Bureau of Labor Statistics on Tuesday will show that the number of people employed in March was nearly 800,000 fewer than the current estimate, or an average of about 67,000 people per month.

Nomura Securities, Bank of America, and Royal Bank of Canada said that the number of people lowered may even be close to 1 million. Although this data is slightly out of date, a sharp downward revision of the data will indicate that the momentum of the labor market has greatly weakened last year and strengthen the market's expectations for a series of interest rate cuts from the Federal Reserve. The sharp revision of employment data for the second year in a row may also cause anger from US President Trump

, who once criticized the accuracy of the Bureau of Labor Statistics data.