US Firms Shed 11,250 Jobs a Week in 4 Weeks to Oct. 25

Labor Market Insights - The ADP report indicates an average job loss of 11,250 per week over the four weeks leading up to October 25, suggesting a weak labor market and contradicting the idea of stabilization [1] - There are concerns that the recent government shutdown and layoffs of federal workers may be affecting the job figures, with potential for a rebound in the coming weeks [3] - Mixed data points are emerging, including a decline in small business confidence due to falling sales and demand, which is significant as small businesses are major employers [4] Inflation and Federal Reserve Outlook - The latest Consumer Price Index (CPI) reading suggests that while inflation remains above the Federal Reserve's target, it is not worsening, leaving the Fed with a wide range of options for their December meeting [5] - The decision on whether to cut rates will depend on the balance between wage inflation and job market conditions, with upcoming official data being crucial for understanding the current economic situation [5][6]