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

Florida’s DeSantis Vows to Veto Controversial License Plate Regulation: A Clear Stance on State Policies

TALLAHASSEE, Fla. – In October, a new license plate law was enacted,…

US Reverses Deportation of Chinese Whistleblower Exposing Xinjiang Human Rights Violations, Activists Confirm

WASHINGTON – In a recent development, the Department of Homeland Security has…

Sudan’s Leader Presents Peace Proposal at UN; US Calls for Immediate Humanitarian Ceasefire

TANZANIA – In a bid to quell a devastating conflict that has…

Unveiling the Mystery: Banksy’s Latest London Murals Spark Stargazing Fascination

Renowned street artist Banksy has seemingly confirmed that a new mural in…

Lawmakers Demand Answers from DOJ on Epstein Document Disclosure

In a rare display of bipartisan unity, lawmakers from both the Democratic…

Radiothon Triumph: Over $10K Raised in 36 Hours for Isaiah 117 House!

In an inspiring show of community spirit, a dedicated 36-hour radiothon held…

Tri-Cities Residents Eye Record-Breaking $1.6 Billion Powerball Jackpot: Will Luck Strike Here?

In Johnson City, Tennessee, residents are eagerly snapping up Powerball tickets as…

Democratic States Unite: Legal Battle Against White House Over Consumer Protection Funding Escalates

NEW YORK – A group of 21 Democratic state attorneys general launched…

Discover Bristol Salvation Army’s Heartwarming Success with Red Kettle and Angel Tree Initiatives

The spirit of generosity is alive and well at Salvation Army centers…

Urgent Appeal: Melbourne Authorities Seek Public’s Help in Solving Fatal Crash Mystery

MELBOURNE, Fla. – Authorities in Melbourne are currently probing a deadly accident…

From Hula Hoops to Hearing Aids: The Oldest Baby Boomers Set to Turn 80 in 2026, Shaping America’s Aging Demographic

The year 2026 marks a significant milestone as the oldest members of…

Unraveling Atmospheric Rivers: The Weather Phenomenon Behind Intense Storms

Atmospheric rivers are powerful streams of moisture that traverse the sky, bringing…