September's jobs report was supposed to be published back in early October, but was delayed due to the federal government shutdown.
The September jobs report will be published November 20, according to the Bureau of Labor Statistics website.
Thursday's data release will be the first government jobs data released since the shutdown began in October.
The absence of timely official numbers left the markets and the Fed operating in a data fog, forced to scour alternate sources to gauge the underlying outlook … With the shutdown resolved, all eyes will now be on the incoming data dump.”
The BLS' "Employment Situation" report, better known as the jobs report, includes the results of two surveys or pools of data. The first is survey data collected "from businesses that uses timecards and payroll numbers to assess how many jobs have been filled" while the second involves "telephone calls and written surveys to households asking how many people are working."
Experts say it's not clear if Thursday's report will include all the usual data, including the unemployment rate.
As for October's jobs report, which was scheduled to be published earlier this month, no announcement has been made as to when – or if – it will be published.
Last week, White House Press Secretary Karoline Leavitt said the October report is not likely to be released due to the data being "permanently impaired” as a result of the government shutdown.
Read more via Bureau of Labor Statistics, CNBC. HR Dive
President Trump signed legislation last week ending the 43-day government shutdown and “punting the next funding deadline into late January.”
The legislation provides funding for most agencies through January 30:
Under the signed legislation, full-year funding was granted to the Department of Agriculture, the Department of Veterans Affairs, military construction and the legislative branch.
All other federal agencies are now funded only through January 30.
Furloughed federal employees are returning to work:
Furloughed federal workers are returning to work and backlogged pay is expected to be paid out by November 19.
Resuming "normal" federal government operations will take time:
How long the “shutdown hangover” will last isn't entirely clear, according to experts, who say it will “vary by agency.”
Agencies face backlogs of applications, permits and inspections that take time to sort through.
Read more via Politico, Bloomberg, CBS News
A significant portion of U.S. households have "nothing left over" after they have covered the most basic necessities, according to a new Bank of America Institute analysis.
24% of households are "living paycheck to paycheck so far in 2025," spending more than 95% of their income on "necessities like housing, gasoline, groceries, child care and utilities."
Bank of America found that "after-tax wages increased about 2% in October year over year among middle-income consumers." That increase is "below the 3% inflation rate as of September."
Lower-income workers saw after-tax wages increase "just 1% year-over-year," while wages increased 4% year-over-year for high-income workers.
Read more via Bank of America Institute, CNN
U.S. employers announced over 150,000 job cuts in October, a stark increase over October 2024, according to a new report by Challenger, Gray & Christmas.
153,074 job cuts were announced by U.S. employers last month, a 175% increase over the number announced in October 2024.
October job cuts were also up 183% over September.
Job cuts announced so far this year number 1,099,500, "an increase of 65% from the 664,839 announced in the first ten months of last year."
The number of job cuts announced in October is the highest monthly total announced since October 2003.
Reasons for the job cuts:
A significant number of job cuts (almost 300,000) made this year were the result of either "direct reductions to the Federal workforce and its contractors" or "downstream impacts" of those reductions.
Cost-cutting is the most cited reason for October's job cuts, while AI "was the second-most cited factor."
AI has been “cited for 48,414 job cuts this year.”
Job cuts, by sector:
Technology: 33,281 job cuts announced in October, up from 5,639 in September. (141,159 cuts so far in 2025, up 17% over the same period in 2024.)
Retail: 2,431 job cuts announced in October, down from the prior month. (88,664 cuts so far in 2025, up 145% from the same period in 2024.)
Consumer products: 3,409 job cuts announced in October, up from September. (41,033 cuts announced so far in 2025, up 21% over same period of 2024.)
October’s pace of job cutting was much higher than average for the month. Some industries are correcting after the hiring boom of the pandemic, but this comes as AI adoption, softening consumer and corporate spending, and rising costs drive belt-tightening and hiring freezes.”
Read more via Challenger, Gray & Christmas
The private sector added 42,000 jobs in October, according to the ADP National Employment Report released November 5. ADP noted the job market "rebound" in October was not "broad-based" across sectors.
Job growth, by sector:
Trade, transportation and utilities saw an increase of 47,000 jobs, while education and health services added 26,000 and financial services added 11,000.
Natural resources and mining and construction also saw growth of 7,000 and 5,000, respectively.
Information services lost 17,000 jobs, while professional and business services lost 15,000. Leisure and hospitality was down by 6,000 jobs and manufacturing lost 3,000.
Private employers added jobs in October for the first time since July, but hiring was modest relative to what we reported earlier this year. Meanwhile, pay growth has been largely flat for more than a year, indicating that shifts in supply and demand are balanced."
Job gains and losses by region and establishment size:
The West region saw gains of 40,000 jobs, while the Midwest gained 9,000 and the South gained 6,000.
The Northeast lost 12,000 jobs.
Large employers led the way in job gains (+73,000), while small (-10,000) and medium-sized (-21,000) employers saw job losses.
Annual pay increased 4.5%:
ADP reported flat year-over-year pay growth in October, coming in at “4.5 percent for job-stayers and 6.7 percent for job-changers.”
Read more via ADP
CEOs are gaining confidence in their "ability to navigate continued volatility," according to the latest CEO Confidence Index published by Chief Executive.
CEOs "rating of the current business environment" increased 3% in November, coming in at 5.9 on the 10-point scale, the "second highest level of the year, only surpassed by January (6.3)." (That increase comes after an 11% increase last month.)
Looking ahead, CEOs' outlook for the coming year increased by 4% to 6.2/10, the "third best reading of the year after July (6.3) and January (6.9)."
CEOs attributed their increased optimism to more "clarity around tariffs" as well as "improving inflation and the overall resilience of the economy and the stock market."
Tariffs continue to play a significant role in CEOs' outlooks and forecasts, with 27% of surveyed CEOs mentioning either "tariffs or trade in their forecast."
The least optimistic CEOs were those in retail, who rated current business conditions as just 5.0/10 and said they anticipate conditions to "deteriorate to 4.4 in the year ahead."
Almost 50% of CEOs are expecting "improvements in business conditions in the year ahead," compared with just 41% who said the same last month.
Just 22% of CEOs are expecting a recession in the next six months, the "lowest level of the year," and down from 62% in April.
Read more via Chief Executive
Economic uncertainty and "tight budgets" are prompting many U.S. companies to limit raises to top performers, according to a new Resume.org survey of 1,000 U.S. business leaders.
While 95% of employers plan to issue raises, very few are applying those raises universally across their workforce.
Almost a quarter of employers promoted workers without giving them raises.
48% of employers said they anticipate layoffs in 2026.
Read more via Resume.org
Euronews recently looked at "which countries offer the best job prospects." Across Europe, 84.9% of recent university graduates were "employed in 2024." (Recent graduates includes "individuals aged 20 to 34 who completed their studies within the past three years and are not in education and training.")
In Turkey, just 63.5% of recent graduates were employed in 2024, compared to 93.7% in Bulgaria. Euronews found that -- generally speaking -- “Southern and Southeastern Europe generally lag behind, while Northern and Central European countries tend to show much higher employment rates.”
The employment rate of "recent tertiary graduates" is above 90% in eight countries:
Bulgaria (93.7%)
Estonia (93.6%)
The Netherlands (92.7%)
Norway (93.3%)
Iceland (92.0%)
Germany (91.9%)
Hungary (90.5%)
Poland (90.5%)
… while the employment rate of recent graduates was below 80% in six countries:
Turkey (63.5%)
Bosnia and Herzegovina (72.1%)
Greece (72.7%)
Italy (74.3%)
Serbia (76.3%)
France (79.9%)
Across Europe, Euronews found that "men are still more likely to find jobs after graduation":
The employment rate of male recent university graduates was 86%, compared to just 84% of their female peers.
Read more via Euronews
Canada: Pressures from U.S. tariffs are mounting and Canada's economy is "flirting with recession," according to news reports. Unemployment is at "its worst non-pandemic levels in almost a decade" and companies are hesitant to make investments amid economic uncertainty. While the national unemployment rate was 7.1% in September, Ontario's unemployment rate reached 7.9% and Windsor's rate exceeded 11%. Windsor is considered the "auto-manufacturing hub" of Ontario, the province where manufacturing is centered in the country. Manufacturing exports from Canada were "15.6% lower in August than in February, the last month before Trump imposed new tariffs." (The Wall Street Journal)
Japan: The country's jobless rate remained unchanged at 2.6% in September, according to news reports. Japan's labor market remains tight, with "more women taking up regular employment," according to officials. The number of women in the labor market is now at the highest level since January 1953, when data first became available. (SIA)
Switzerland: The U.S. and Switzerland reached an agreement last week that cuts the "crippling" rate of tariffs from 39% to 15%. Experts say the deal will help to lessen the "growing burden" the tariff had been on Switzerland's "export-dependent economy." The steep tariffs on Switzerland were the highest imposed by the White House "on a developed nation." (The Wall Street Journal)
United Kingdom: UK employers "expect to raise wages by 3% in the next 12 months," according to a new report by the Chartered Institute of Personnel and Development (CIPD). Overall hiring intentions were "around the weakest since the pandemic, and were especially low in the public sector," the report said. (Reuters)
