The stock market's significant drop due to today's downward revision of employment data reveals the economic data's fragility to some extent: Previous employment figures may have masked the market's realistic expectation gap, and the market's sharp decline is not a reaction to a single data point, but a panic about a broader expectation gap.
The market turbulence triggered by the employment downward revision may, in the long term, be just a prelude to the unemployment storm brought by AI: Listed companies' earnings continue to grow, while employment continues to decline.
