There's no jobs report. Here's what six recent analyses show instead.
Briefly

There's no jobs report. Here's what six recent analyses show instead.
"Economists, journalists, and investors won't be waiting by their laptops this morning for a new jobs report. It's the second month without this data release. The agency isn't releasing most reports or collecting data during the government shutdown, which is the longest one in US history. However, job seekers, economists, and anyone else missing the BLS reports can turn to recent publications from ADP, Indeed, Bank of America, and others to get a sense of how the job market and broader economy are doing."
"Allison Shrivastava, an economist with the Indeed Hiring Lab, told Business Insider it's lucky that there are a lot of private sector data releases to "piece together a picture of what's going on in the economy." However, she added that even those alternative sources often rely on data from the Bureau of Labor Statistics to calibrate their work, so without it, job-market clarity is muddied."
"Based on ADP payroll data, the US added 42,000 private sector jobs in October after falling in the previous two months. Despite beating the 32,000 consensus, Nela Richardson, the chief economist at ADP, said in the news release that hiring was modest. Most of the net growth came from large companies that have at least 500 employees. Job growth was mixed by industry. Trade, transportation, and utilities together added 47,000 jobs. Employment dipped in information, manufacturing, professional and business services, and leisure and hospitality."
The Bureau of Labor Statistics halted most report releases and data collection amid the longest US government shutdown, leaving a gap in official labor market data. Private sources such as ADP, Indeed, Bank of America, and Challenger, Gray & Christmas provided alternative signals. Those releases indicate October remained difficult for job seekers: announced job cuts climbed, job-posting demand cooled to multi-year lows, and hiring was modest overall. ADP recorded a 42,000 private-sector gain largely from large firms, while several industries saw employment declines. Many alternative datasets still rely on BLS inputs, reducing clarity without official statistics.
Read at Business Insider
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