律动BlockBeats
律动BlockBeats|Feb 11, 2026 05:18
[Final Showdown for Nonfarm Payrolls! White House Officials Intensively 'Set Expectations': 50,000 New Jobs May Be Normal] BlockBeats News, February 11: Due to the temporary shutdown of certain government departments, the release of the U.S. January nonfarm payroll report, originally scheduled for last Friday, has been postponed to this Wednesday. Previously, multiple 'secondary' employment data showed weakness, sparking market concerns about a slowdown in employment. Data indicates that January's ADP new employment numbers were sluggish, Challenger corporate layoffs surged significantly, the four-week average of initial jobless claims rose as of the end of January, and December's JOLTs job openings fell to a nearly five-year low. However, the ISM manufacturing and services employment indices performed relatively steadily, partially easing pessimistic expectations. Ahead of the nonfarm payroll release, White House officials have been intensively guiding market expectations. White House Senior Trade Advisor Peter Navarro stated that reasonable expectations for monthly employment data should be 'significantly lowered,' suggesting that under the current backdrop of deporting illegal immigrants and a shrinking labor force, monthly job growth of around 50,000 can be considered a 'stable level' and should no longer be compared to the six-figure growth seen during Biden's term. White House National Economic Council Director Kevin Hassett also remarked that employment data might appear weak due to a declining labor force population, but this does not contradict strong GDP growth and productivity improvements, and the market should not overreact. Additionally, the final revision of the 2025 annual employment data benchmark is also worth attention. Preliminary data previously showed a downward revision of nearly one million jobs, which once caused market volatility. As the nonfarm payroll data approaches, the market's assessment of the Federal Reserve's policy trajectory and the true strength of the labor market may face a critical test.
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