FX.co ★ U.S. Payrolls Benchmark Revision Widens Job Loss Estimate to 898,000

The latest U.S. Payrolls Benchmark adjustment shows a deeper deterioration in the labor market than previously reported, with the indicator now standing at -898.00K, compared with the prior figure of -589.00K. The updated data, released on 11 February 2026, revises earlier estimates to reflect a larger net loss in payroll employment.

This wider negative benchmark suggests that earlier payroll counts significantly understated the extent of job losses. The move from -589.00K to -898.00K underscores a more pronounced weakness in employment than initially captured by standard reporting before the benchmark revision. Market participants and policymakers will be watching subsequent labor releases closely, as this revised baseline may influence how current and future job gains or losses are interpreted against the newly adjusted historical backdrop.