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How unreliable is the US non-farm data this year? Last Friday, the US Bureau of Labor Statistics announced that only 150000 new non-farm workers were added in October, far below market expectations. The trend of weakening demand in the US labor market under fierce interest rate hikes seems to have begun to show signs. In this weak non farm report, the non farm employment figures for August and September were also revised down by 62000 and 38000, respectively, which once again highlights the "unreliable" nature of the year's non farm data - the habit of exaggerating the employment figures of last month in the beginning of the month.
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