Job Losses Mounted In October As Employers 'Struggled'—And Wall Street Projects Grim Job Market

ToplineThe U.S. private sector shed more than 11,000 jobs per week on average through late October, according to data released Tuesday by the private payroll processing firm ADP, as economists have projected a historic decline in the job market in recent weeks. Earlier data indicated private-sector payrolls increased in October after declining in the two previous months.Copyright 2023 The Associated Press. All rights reserved.Key FactsPrivate-sector employers shed an average of 11,250 jobs per week in the f ...