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U.S. private employers record 11,250 weekly job cuts as October hiring momentum slows
The U.
Official data released by the U.S. Department of Labor indicated an average of 11,250 job cuts per week across private companies in October 2025, the highest monthly pace since April. Total employment stood at 158.2 million, while the unemployment rate remained steady at 3.9%. The labor participation rate registered 62.6%, unchanged month-on-month. Average hourly earnings increased 0.2% from September.
Job openings fell to 8.5 million, led by payroll reductions in healthcare, logistics, and manufacturing sectors amid cautious corporate cost realignments nationwide.