ADP(US:ADP) 智通财经网·2025-11-11 15:40Group 1 - The average weekly layoffs in the U.S. reached 11,250, indicating a slowdown in the labor market momentum in the second half of October compared to earlier in the month [1] - The ADP report showed that the U.S. private sector added 42,000 jobs in October, marking the first increase after two months of decline, but the overall growth rate remains weak [1] - October's total announced layoffs by U.S. employers reached the highest level for the same month in over 20 years, raising concerns about the employment outlook [1] Group 2 - Due to the ongoing longest government shutdown in U.S. history, the official non-farm payroll reports for September and October have not been released, leading the market to rely on private data from ADP [2] - Goldman Sachs economists predict that if employees participating in the "government delayed resignation plan" are included, the overall non-farm employment in October may decrease by about 50,000, indicating further risks of labor market deterioration [2]