Job Losses Mounted In October As Employers 'Struggled'—And Wall Street Projects Grim Job Market
1. U.S. private sector shed an average of 11,250 jobs per week in late October. 2. This marks the first job decline recorded by ADP since August. 3. Goldman Sachs forecasts a decline of 50,000 nonfarm payrolls in October. 4. Economists expect the unemployment rate to rise to 4.5%. 5. Job openings fell to the lowest level since February 2021.