ADP数据再度拉响警报：美企周裁1.1万岗位

Core Viewpoint - Recent layoffs by several well-known companies have raised concerns about a potential further weakening of the labor market, as confirmed by the latest ADP employment report [5][8]. Group 1: Employment Data - In the four weeks ending October 25, U.S. companies averaged 11,250 layoffs per week, indicating a slowdown in the labor market compared to the first half of October [5]. - Cumulatively, the month saw a reduction of 45,000 jobs (excluding government workers), marking the largest monthly employment decline since March 2023 [7]. - The latest ADP report showed a modest increase of 42,000 jobs in October after two months of decline, but this growth was not widespread, with significant contributions from education, healthcare, and trade sectors [8]. Group 2: Economic Outlook - Economists and investors are concerned that job growth will remain subdued due to declining labor demand and supply shortages, with the balance of employment needed to maintain stable unemployment rates likely to fluctuate [8]. - Following the release of the employment data, the money market increased bets on a potential interest rate cut by the Federal Reserve, with over 60% probability priced in for a cut next month [11].