MyStonks Research Institute: US non-agricultural data is significantly revised, CPI and Fed resolutions become the focus

Odaily Planet Daily News The U.S. government said Tuesday that the number of actual new jobs in the United States may drop by 911,000 from previous estimates. The revision shows that employment growth has shown weakness before Trump imposed tariffs on imported goods. Economists have previously predicted that the U.S. Bureau of Labor Statistics (BLS) could cut employment levels by 400,000 to 1 million jobs from April 2024 to March 2025. The employment level from April 2023 to March 2024 has been lowered by 598,000 jobs. The benchmark revision follows last Friday’s report – job growth nearly stagnated in August and saw its first job decline in June in four and a half years. MyStonks Research Institute analyzed that in addition to being affected by trade policy uncertainty, the labor market is also under pressure due to the White House tightening immigration policies, and labor supply is limited. At the same time, enterprises accelerate the application of artificial intelligence and automation, which also suppresses the demand for manpower. Most economists believe that the downward revision of employment data has limited impact on monetary policy. The Fed is expected to resume interest rate cuts in the early morning of Thursday, September 19, Beijing time, after suspending the easing cycle in January due to tariff uncertainty. MyStonks Research Institute will continue to pay attention to the CPI data released on September 11 to further analyze the Fed's policy path.