Analyst: The weakening trend in the job market has become apparent, and the non-farm payrolls data may gradually reflect this reality.

BlockBeats News, February 11th, Investinglive analyst Justin Low stated that the US private data provider Revelio Labs estimated a decrease of 13,300 in nonfarm payrolls at the beginning of the new year in January and significantly revised down the December data to an increase of 34,400 (previously an increase of 71,100). This is not an official nonfarm payroll "estimate," but an indicative indicator reflecting the overall trend. Revelio Labs' measure is "a set of employment statistics derived from over 100 million professional social media profiles" (such as LinkedIn). Its methodology may seem unconventional, but it does provide a good indication of the overall trend in the labor market.

Therefore, even though today's nonfarm payroll data is unlikely to show negative growth, the trend is clear: the labor market is weakening. In the current economic climate, nonfarm payroll data will continue to reflect this reality over time. When evaluating any market reaction to tonight's report, this will remind us: a single data point cannot establish a trend. (FXStreet)