Revelio Labs Payrolls Data Shows Significant Deceleration in Job Growth

The latest Nonfarm Payrolls data from Revelio Labs shows a significant deceleration in job growth, with an increase of only +36.5k jobs in August, down from the previous month's +79.2k and below expectations of +50.8k.

This two-sided softening is particularly noteworthy because it comes with a downward revision to the prior month's numbers. As the analyst notes, revisions have often been a leading indicator at turning points in the labor cycle.

The market will be watching whether this trend continues when the official Payrolls release comes out. In the meantime, alternative series like Revelio Labs' data are gaining more attention due to increased scrutiny of traditional data collection methods.