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BlockBeats News, November 7th, despite the U.S. government shutdown causing multiple employment data to be unavailable, U.S. private institutions and enterprises estimated the U.S. employment market based on their own statistics:

Private Institutions:

Job site Indeed: The number of job postings at the end of October has dropped to the lowest level since 2021.

Revelio Labs: It is estimated that the U.S. reduced 9,100 job positions in October, mainly due to government layoffs.

Challenger's U.S. October job cuts reached 153,074, a year-on-year increase of 175%, the largest increase in 7 months; year-to-date layoffs increased by 65% year-on-year.

Financial Institutions:

UBS Group: Data from ADP and Challenger's private sector indicates that the labor market remains weak.

TS Lombard: Based on recently published data, there are no further signs of deterioration in the labor market.

Bank of America: The U.S. job market continues to slow, but compared to the already turbulent September, there has been no substantial change. The market is cooling off, but not collapsing.

Ernst & Young Group: Whether due to potential soft recruitment demand or the emergence of new technologies like AI, both business and industry leaders believe that the demand for talent has decreased. This will be the future reality. (Cailianshi)