Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

ADP Weekly Report: For the four weeks ending November 1, U.S. companies averaged about 2,500 layoffs per week.

On November 18, according to data released by ADP Research on Tuesday, U.S. companies averaged about 2,500 layoffs per week for the four weeks ending November 1. This indicates that the labor market lost some momentum in late October. The monthly employment report released on November 5 showed that private sector employment increased by 42,000, following two consecutive months of decline. The U.S. Bureau of Labor Statistics will release the September employment report on Thursday, with total U.S. employment expected to increase by 55,000 from the previous month. Before the weekly data release from ADP, several large companies had already announced layoffs for the month, including Amazon and Target. According to a report from Challenger, the planned layoffs in October of this year were the highest in over twenty years. (Jin10)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)