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[U.S. July and August Nonfarm Payrolls Revised Down by a Total of 60,000] The U.S. Bureau of Labor Statistics revised July's nonfarm payroll increase from 21,000 to -10,000 and August's nonfarm payroll increase from 162,000 to 133,000, resulting in a total downward revision of 60,000. (Source: Jin10) AI Analysis: The significant downward revision of nonfarm payroll data directly reveals the previously overestimated heat of the labor market. This adjustment shatters the illusion of a persistently strong job market, reflecting a substantial weakening in economic growth momentum. The market's overly optimistic expectations for employment resilience have been corrected, providing stronger justification for the Federal Reserve to pivot toward more accommodative monetary policy. The weak employment data will force the market to reprice the pace of rate cuts, thereby exerting direct downward pressure on the U.S. dollar exchange rate.