According to Mars Finance, on August 1, the U.S. labor data supports calls for monetary easing, causing U.S. Treasury yields and the dollar to drop. Meanwhile, previous data was significantly revised down: the number of new jobs in May was revised down from 144,000 to 19,000, and in June, it was revised down from 147,000 to 14,000. Before the employment report was released, dissenting Federal Reserve governors Waller and Bowman indicated signs of weakness in the labor market. The stock market plummeted due to the employment data. (Golden Ten)