US Job Market: Weekly Job Cuts Surge
Update: 2025-11-11
Description
ADPs latest data reveals a concerning trend in the U.S. job market, with companies cutting over eleven thousand jobs weekly in late October. This contradicts ADPs earlier report of forty-two thousand jobs added in October. The weekly estimates suggest a volatile environment, closely watched by Federal Reserve officials. ADPs private-sector payroll figures have become crucial due to the ongoing U.S. government shutdown, which may soon end, allowing for the resumption of official government statistics.
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