BTC, ETH, and FIL trends are often influenced by macroeconomic data. The recent changes in US employment report data over the past month are worth paying attention to.

Government shutdowns are usually bad news, but this time they unexpectedly improved data quality. The reason is straightforward: non-farm payroll reports were delayed due to the shutdown, giving companies more time to fill out surveys. As a result, the September and November employment reports benefited from an "extended" data collection period. What was the outcome? Response rates from companies soared—reaching 80.2% in September and over 73.8% in October and November, the highest levels in five years.

The Bureau of Labor Statistics disclosed that companies continued reporting via electronic systems, and once the department resumed operations, they gained additional response extensions, significantly improving data completeness. Economists point to a key insight: the higher the collection rate, the smaller the subsequent revisions, and the initial figures are closer to the final true data.

Former Director Erica Groshen candidly stated: timeliness and accuracy have always been a difficult balance. This "forced delay" broke that deadlock. Michael Horrigan explicitly said that waiting one or two more weeks could greatly reduce revision margins.

The current suspense centers on the December report. Once that data is released, the true extent of revisions will become clear. However, background information cannot be ignored: Trump previously criticized data accuracy and even threatened to replace the director, adding political undertones to the data dispute. The annual benchmark revisions could hit a record low—will the next wave of market movements really restart?

This time, can the "side effects" of the shutdown help non-farm payroll data regain market trust? Only when the report is published will the answer be revealed.