With no October jobs report, signs point to cooling economy
Share this @internewscast.com


While the official October jobs report won’t be available this Friday, insights from the private sector suggest the U.S. could see more job losses this year than during the early days of the pandemic.

Due to the government shutdown, the Bureau of Labor Statistics is unable to publish its employment report for the second month in a row. In the absence of this crucial information, economists are turning to private sector data, which presents a potentially troubling and somewhat uncertain economic outlook.

This week, payroll service provider ADP released findings indicating a slowdown in hiring and a deceleration in wage growth, both indicative of a weakening labor market. In October, the private sector managed to add only 42,000 jobs, breaking a trend of two months of consecutive job losses.

You May Also Like

Thai Villagers Stand Guard Amid Mass Evacuations: Border Clashes Prompt Desperate Measures

SURIN – Escalating conflict along the Thai-Cambodian border has compelled hundreds of…

Caribbean Struggles Continue: Hunger and Makeshift Shelters Plague Region Two Months Post-Hurricane Melissa

PETIT GOÂVE – Amidst the remnants of what once was her home,…

ETSU Welcomes New Army ROTC Cadets into Its Ranks

In Johnson City, Tennessee, a significant milestone was achieved by Army ROTC…

Grieving Family Demands Answers in Tragic Orange County Hit-and-Run

ORANGE COUNTY, Fla. – The family and friends of Taj Palmer, a…

Fly Direct to Magic: Breeze Airways Launches First Non-Stop Service from Tri-Cities to Orlando

Travelers in the Tri-Cities area seized the chance to leave behind the…

Immigrant Commercial Driver’s License Issues Uncovered Across 8 States: A Growing Concern

The federal government has intensified its scrutiny of commercial driver’s licenses issued…

GOP Chairman Warns Clintons of Contempt Charges Amid Intensified Epstein Investigation

WASHINGTON – The Republican leader of the House Oversight Committee has issued…

Treasury Launches In-Depth Fraud Investigations in Minnesota’s Somali Community

In a move drawing both attention and controversy, the Treasury Department is…

Central Florida’s Weather Roller Coaster: Warm Spell Interrupted by a Sudden Cold Front

ORLANDO, FL – Central Florida will experience a calm yet chilly evening…

Hardee’s Contributes Over $23,000 to Support Honor Flight of the Appalachian Highlands

Honor Flight of the Appalachian Highlands is set to embark on an…

Milligan University Engineering Students Enhance Accessibility of Children’s Toys

Milligan University in Elizabethton, Tennessee, became a hub of innovation and compassion…

Intense Clashes Persist on Thai-Cambodian Border Amid Controversial Ceasefire Announcement by Trump

SURIN – Hostilities persisted on Saturday morning along the Thailand-Cambodia border, despite…