US Jobs Report 11-11-25

The official October jobs report is delayed due to the government shutdown, so economists are relying on private-sector data to assess the job market. Recent reports indicate a softening labor market, with some private data showing modest job growth in October while other reports highlight a surge in layoff announcements.  

What we know from private data

ADP National Employment Report: Private sector employment added 42,000 jobs in October, a rebound after two months of decline, though hiring was modest compared to earlier in the year.

Job gains by sector: Major gains were seen in trade, transportation, and utilities (+47,000), education and health services (+26,000), and financial activities (+11,000). Adds up to +84,000 total jobs gains.

Job losses by sector: Information (-17,000), professional and business services (-15,000), and leisure and hospitality (-6,000) saw job losses.

This adds up to -38,000 in total job losses.

Net Job Gains totaled 46,000 in October 2025..

Challenger, Gray & Christmas layoff data: In October, U.S. companies announced 153,074 job cuts, the highest for the month in over 20 years. This announcement suggests more job losses in during and after November.

Reasons for layoffs: The primary reasons for layoffs were cost-cutting and AI-driven changes.

Glassdoor employee confidence: Employee confidence fell to its lowest level since June, as workers feel "stuck" and less able to seek raises or new jobs. 

Why the official report is delayed

The government shutdown has temporarily paused the release of official data from the Bureau of Labor Statistics.

This is the second month in a row that the official report has been delayed, leaving economists with an incomplete picture of the job market. 

The U.S. jobs report for November 2025 will be released on Friday, December 5, 2025, at 8:30 a.m. (ET). 

This report, formally known as the "Employment Situation" release by the U.S. Bureau of Labor Statistics (BLS), will cover employment data for the reference month of November 2025. 

In the meantime, alternative data sources have reported the following for prior months in 2025:

The October 2025 official BLS jobs report was released on November 7, 2025.

The October 2025 ADP National Employment Report indicated an increase of 42,000 private-sector jobs.

A separate report by Challenger, Gray & Christmas found that more than one million jobs had been cut in 2025 as of the beginning of November, placing it among the worst years for job losses in decades. 

Note that due to a potential government shutdown, the official BLS report may be delayed. 

https://www.google.com/search?q=us+jobs+report+november+2025

The total number of U.S. job openings in November 2025 was 8.1 million, a rise from 7.8 million in October, marking a six-month high. This increase was led by professional and business services, as well as finance and insurance, while sectors like accommodation and food services and manufacturing saw fewer postings. 

Total Openings: 8.1 million (up from 7.8 million in October 2025)

Key Drivers: Professional and business services, and finance and insurance industries experienced the largest increases in job openings.

Decreases: Accommodation and food services, and manufacturing showed a reduction in openings.

Comparison: This figure was higher than most economists had predicted and is the highest since February 2025. 

The latest official U.S. total job openings data available in November 2025 is for September 2025, which reported 7.2 million job openings. 

This data point comes from the Bureau of Labor Statistics' (BLS) Job Openings and Labor Turnover Survey (JOLTS) report, which was released on Tuesday, November 4, 2025. 

The job openings data for October 2025 is not yet available; it is scheduled for release on Tuesday, December 2, 2025. 

For the month of August 2025, job openings were reported at 7.2 million. 

https://www.google.com/search?q=us+total+job+openings+reported+in+november+2025

Comments

I expect that the Jobs Report will continue to show Net Job Gains in November and December 2025.

Norb Leahy, Dunwoody GA Tea Party Leader