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

Alert: Johnson City Residents Targeted by Sophisticated Email Invoice Scam

The Johnson City Planning Division has issued a critical alert to local…

Johnson City Man Allegedly Lures Teen Online Linked to Controversial ‘764’ Group

GREENEVILLE, Tenn. (WJHL) — Federal authorities have charged a Johnson City resident,…

Spain Levies $75 Million Fine on Airbnb Over Unauthorized Tourist Listings

MADRID – The Spanish government has imposed a hefty fine of 64…

Hanukkah Shines Bright: Sydney Unites Against Antisemitism with Festival of Light Celebration

In response to a tragic antisemitic attack in Sydney, Australia, the Orange…

Wise County Authorities Investigate Suspicious Discovery of Woman’s Body Near Guest River

In a somber development out of Wise, Virginia, the Wise County Sheriff’s…

Trump’s Media Clashes: Key Moments with BBC and Jimmy Kimmel

President Donald Trump is once again at odds with media outlets, this…

Buchanan County Board Initiates Financial Review of Appalachian School of Law for Transparency and Accountability

The Appalachian School of Law in Grundy, Virginia, is currently facing financial…

Tragic Shooting at Orlando House Party: Guest Critically Injured

ORLANDO, Fla. – A weekend house party in Orlando took a tragic…

Market Turmoil: Asian Shares and US Futures Plunge as Investors Brace for US Jobs Report

NEW YORK – On Tuesday, Asian stocks saw a downturn, mirrored by…

Florida Introduces New ‘America 250’ License Plate: Find Out When You Can Get Yours

ORLANDO, Fla. – Florida is introducing a new license plate to its…

Senator Warner Warns: Looming ACA Tax Credit Expiry Could Impact Healthcare Funding

Senator Mark Warner of Virginia has expressed concerns about the potential consequences…

Florida Clarifies License Plate Frame Regulations Amid Public Confusion

ORLANDO, Fla. – A new law that took effect on October 1…