Data shows that the US private sector is laying off more than 10,000 workers per week on average, and the labor market continues to be under pressure.

ADP's four-week moving average report shows that private sector employers averaged 11,250 job cuts per week in the four weeks ending October 25, 2025, indicating that the labor market is struggling to sustain job creation in the second half of the month. These figures are preliminary and may change as new data is added. Last week, ADP's National Employment Report showed a recovery in job growth in October after two months of decline, with private sector employers adding 42,000 jobs. While this growth was welcome, it was not broad-based. Education and healthcare, as well as trade, transportation, and utilities led the growth. Employers in professional business services, information, and leisure and hospitality industries cut jobs for the third consecutive month. A growing consensus is that job growth will remain slow indefinitely due to reduced demand for workers and supply shortages. ADP Chief Economist Nela Richardson stated that economists are looking for a new break-even point as both labor supply and demand slow down. 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 point is no longer likely to be a stable constant, but rather more likely to fluctuate. (Jinshi)