October U.S. payroll revision increases by 84,000, Andreas Steno Larsen notes

October U.S. payroll revision increases by 84,000, Andreas Steno Larsen notes
U.S. October payroll revision adds 84,000

The U.S. net revision for the previous two months to the nonfarm payroll report added 84,000 in October.

Andreas Steno Larsen highlighted that these cumulative two-month payroll revisions are a popular metric for assessing labor market trends.

Steno Larsen has previously noted that both inflation and real growth are key drivers of nominal yields. He also reported that economists in a Wall Street Journal survey continued to forecast 2 percent inflation within 18 to 24 months despite repeated misses, according to recent data. These reports highlight areas closely watched by market analysts.

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