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PANews reported on November 5th that, according to Jinshi News, ADP monthly data showed that employment increased by 42,000 in October, exceeding market expectations. This data is particularly important given the delayed release of official economic data due to the government shutdown. Omar Sharif, an analyst at inflation research firm Inflation Insights, stated that although overall employment saw net growth, "the increase remains weak, reflecting the current sluggish labor market." He pointed out that ADP data shows employment declines in manufacturing, information services, and professional and business services. The majority of new jobs were concentrated in the trade, transportation, and utilities sectors, which together added approximately 47,000 jobs last month.PANews reported on November 5th that, according to Jinshi News, ADP monthly data showed that employment increased by 42,000 in October, exceeding market expectations. This data is particularly important given the delayed release of official economic data due to the government shutdown. Omar Sharif, an analyst at inflation research firm Inflation Insights, stated that although overall employment saw net growth, "the increase remains weak, reflecting the current sluggish labor market." He pointed out that ADP data shows employment declines in manufacturing, information services, and professional and business services. The majority of new jobs were concentrated in the trade, transportation, and utilities sectors, which together added approximately 47,000 jobs last month.

Analysts: U.S. job growth remained weak in October, reflecting a sluggish labor market.

2025/11/05 22:28

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