SignalPlus Macro Analysis Special Edition: Negative Revisions
Summary:
After a period of "only rising and not falling," risk assets declined under the impact of significantly lower-than-expected non-farm payroll data. Overall employment data was weak (the unemployment rate rose from 4.117% to 4.248%), further confirming the trend of a slowing job market. Additionally, the U.S. Bureau of Labor Statistics also released the largest downward revision of two months' employment data in recent years (excluding the pandemic period) at -258,000.
2025-08-04 20:42:38
Collection
After a period of "only rising and not falling," risk assets declined under the impact of significantly lower-than-expected non-farm payroll data. Overall employment data was weak (the unemployment rate rose from 4.117% to 4.248%), further confirming the trend of a slowing job market. Additionally, the U.S. Bureau of Labor Statistics also released the largest downward revision of two months' employment data in recent years (excluding the pandemic period) at -258,000.
Risk warning Risk warning
