❓WHAT HAPPENED: Employers added 64,000 jobs in November, exceeding forecasts, but October saw a loss of 105,000 jobs, according to new government data.
👤WHO WAS INVOLVED: U.S. employers, the Labor Department, Federal Reserve economists, and private firms such as ADP.
📍WHEN & WHERE: Data covers October and November 2025.
💬KEY QUOTE: “Job growth has been anemic,” said Federal Reserve Bank of New York president John C. Williams.
🎯IMPACT: The labor market remains under pressure, with rising unemployment and economic uncertainty slowing job growth.
The U.S. economy added 64,000 jobs in November, surpassing economists’ forecasts, according to new government data. However, the unemployment rate rose to 4.6 percent, marking the highest level since September 2021. Meanwhile, October’s figures revealed a loss of 105,000 jobs, signaling ongoing challenges in the labor market.
Notably, economists had predicted a gain of 40,000 jobs in November. The Labor Department also revised job growth figures for August and September, lowering them by a combined 33,000. Analysts attributed October’s weak performance partly to federal deferred resignation buyout offers.
The release of October and November employment data was delayed due to the 43-day government shutdown by Senate Democrats. During the blackout, economists turned to alternative sources, such as ADP, which reported private sector job cuts of 32,000 in November.
Federal Reserve Bank of New York president John C. Williams noted the gradual cooling of the labor market. “I should emphasize that this has been an ongoing, gradual process, without signs of a sharp rise in layoffs or other indications of rapid deterioration,” Williams said. Still, he acknowledged, “Job growth has been anemic.”
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