US Job Losses Accelerate, Fed Rate Cuts Anticipated
Update: 2025-11-25
Description
The U.S. labor market is experiencing a slowdown, with private companies losing an average of 13,500 jobs per week over the past four weeks. This increase in layoffs comes as the government shutdown hinders the release of official economic data, making ADPs reports crucial for understanding the current situation. The Federal Reserve faces challenges in making forecasts and decisions due to the lack of official data, with many anticipating a rate cut at their next meeting in December. Economists, like Goldman Sachs Jan Hatzius, predict a rate cut in December, followed by two more in 2023, highlighting the uncertainty in the current economic landscape and the reliance on alternative data sources.
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