US Employment Data Revised Downward Again, August and September Non-Farm Job Gains Combined Lowered by 33,000

According to the latest revised data released by the U.S. Bureau of Labor Statistics, the employment situation in summer and fall this year has been less optimistic than expected. Non-farm job gains in August were adjusted from the originally reported -4,000 to -26,000, further widening the decline; the revision for September was relatively smaller, from 119,000 down to 108,000.

After the revisions, the total non-farm job gains for the two months decreased by 33,000 compared to the original data, reflecting certain signs of weakness in the U.S. labor market. Especially the significant downward adjustment for August indicates a slowdown in employment growth.

For market participants paying attention to Federal Reserve policy trends, this set of data holds some reference value. Employment data is one of the key indicators influencing the Fed's interest rate decisions, and continued downward revisions may subtly impact subsequent policy directions.