Nonfarm Payrolls Preview: Population Outflow Drags Down Data, "Weakness" Becomes the Key Word

Glonghui, February 11｜Ron Hetrick, Senior Labor Economist at labor market data provider Lightcast, stated, "People are still leaving the country. I think this is one of the reasons why recent non-farm payroll data has been dragged down. 'Weakness' is the key word." Hetrick added, "I've been traveling frequently recently and talking to many companies. They all say that uncertainty is a big issue. They believe the main obstacle is that their input costs are constantly changing. Every time tariffs change, they have to recalculate the input costs of the products they produce."