#USJobsData #USNonFarmPayrollReport #UnemploymentRate #JobsReport #TrendingTopic
📉 The Headline Numbers (November 2025)
Job Growth Pulse: The U.S. economy added 64,000 nonfarm payroll jobs in November. While this technically "beat" the low bar set by analysts (who expected only 40,000), it remains one of the weakest growth figures of the post-pandemic era. 🐢
The Unemployment Spike: The national unemployment rate climbed to 4.6%, marking its highest point in over four years. This upward trend suggests that the labor market is losing the "tightness" that characterized the early 2020s. 📈
Shadow Revisions: Optimism over the November "beat" was dampened by massive downward revisions. Specifically, October’s data was revised to a loss of 105,000 jobs, proving the fall season was much harsher than initially thought. 📉
Wage Growth Stagnation: Average hourly earnings grew by only $0.05, keeping the annual growth rate at roughly 3.6%. While good for fighting inflation, it indicates workers have less leverage for raises. 💸
🏛️ The Impact of the 2025 Government Shutdown
Data Blackout: Due to the historic federal shutdown in late 2025, the October unemployment rate was never officially recorded in real-time, creating a "black hole" in economic modeling. 🚫
Delayed Reports: The BLS faced "unprecedented" hurdles, leading to a late release on December 16, 2025. Analysts warn these figures may still be "noisy" due to incomplete survey collections during the shutdown. ⏱️
🏢 Private Sector & Industry Trends
ADP Contraction: The private sector actually contracted by 32,000 jobs in November according to ADP reports, the worst performance in nearly 30 months. 📉
Small Business Struggles: Small firms (under 50 employees) were the hardest hit, shedding 120,000 positions as they grappled with high operational costs. 🏬
The Layoff Wave: 2025 saw over 1.17 million layoffs—the highest since the pandemic. Major cuts were concentrated in Telecom (Verizon), Tech, and Food Services. ✂️
The Hiring Hold: Economists have dubbed this the "No Hire, No Fire"
