The data shows that the average weekly layoff in the US private sector exceeds 10,000, and the labor market continues to be under pressure
2025-11-11 13:44:43
Private sector employers cut an average of 11,250 jobs per week in the four weeks ending October 25, 2025, according to the ADP Four-Week Average report by US automated data processing company, indicating that the labour market struggled to create jobs sustainably in the second half of the month. The figures are preliminary and are subject to change as new data is added. Last week, the ADP National Jobs Report showed that employment growth recovered somewhat in October after two months of decline, with private sector employers adding 42,000 jobs. While the increase was welcomed, it was not broad-based. Education and healthcare, as well as trade, transportation and utilities, led the growth. In the professional business services, information and leisure and hospitality sectors, employers cut jobs for the third straight month. There is a growing belief that job growth will remain sluggish for the indefinite future due to reduced demand for workers and a shortage of supply. Nela Richardson, chief economist at ADP, said economists are looking for a new break-even rate as both the supply and demand sides of the workforce slow. This is the minimum number of jobs the economy needs to add each month to keep the unemployment rate stable. Looking ahead, the break-even rate is no longer likely to be a stable constant, but will be more likely to be constantly changing.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article:
Tether聘请汇丰顶级黄金交易员进军黄金市场