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Employment
US Indeed job openings hit lowest level in almost 5yrs
Coinciding with the ongoing United States government shutdown, which has disrupted the release of key labour data, the latest update from job search platform Indeed reveals that employment prospects fell sharply in October, reaching their weakest point since February 2021. Typically, the Bureau of Labor Statistics (BLS) would have released its Job Openings and Labor Turnover Survey (JOLTS) this week, a key indicator the Federal Reserve (The Fed) tracks to gauge labour market conditions. However, with the government shutdown continuing, economists and policymakers have had no choice but to default to private data sources like Indeed for insight into employment trends. Indeed’s Job Postings Index – which uses February 2020 as a benchmark of 100 – dropped to 101.9 by October 24. According to the last update from the BLS, this latest number means a 0.5% dip from the start of the month and is down roughly 3.5% since mid-August—the most recent period with comparable BLS data. The August JOLTS report also reflected a steady decrease in job openings, showing 7.23 million available positions—around the same as July but 7% lower than in January. Indeed’s internal data also reveals that advertised wages have softened alon
Employment
ADP preliminary data shows US jobs rising by almost 15k
Automatic Data Processing (ADP) has announced an estimated preliminary average increase of 14,250 jobs in the four weeks ending October 11, 2025. This marks a turnaround from the negative numbers in September as the ADP fills a void created by the government shutdown by releasing a four-week average weekly change in employment with a two-week lag every Tuesday. “ADP's near real-time employment data, released weekly, will now provide an even clearer picture of the labour market at this critical time for the economy,” ADP chief economist, Dr Nela Richardson, said. “This high-frequency employment pulse, like the monthly National Employment Report, is based on ADP's anonymised and aggregated administrative data on private-sector payrolls, providing a dynamic view of job creation and loss at an unprecedented level of weekly detail." This preliminary data will be different from the closely followed National Employment Report, which measures the monthly change in job growth during the week that contains the 12th of the month and provides details of job growth by sector. The ADP’s preliminary data will act more as a guide, offering a four-week moving average of weekly job growth that will be revised monthly with the release
Employment
Jobless rate hits near four year high in Australia
Australia’s unemployment rate rose to 4.5% in September from a revised 4.3% in August, according to data from the Australian Bureau of Statistics (ABS). “This is the highest seasonally adjusted unemployment rate recorded since November 2021,” ABS Head of Labour Statistics Sean Crick said in a media release. He said the number of unemployed people increased by 34,000 to 684,000 while the number of employed people grew by 15,000 to 14.64 million in the same period. The participation rate, which measures working-age people employed or actively looking for work, rose by 0.1 percentage points to 67.0% as a result of these increases but remained below the record high of 67.2% at the beginning of the year. The employment-to-population ratio remained steady at 64.0%. The number of unemployed men rose by 24,000 to 370,000, while the number of unemployed women rose by 10,000 to 314,000. Full-time employment rose by 9,000 as the number of full-time employed men increased by 23,000, while women in this category fell by 15,000. Part-time employment rose by 6,000 as women in this position rose 19,000, while men fell 13,000. The underemployment rate rose by 0.2 percentage points to 5.9% in September, 0.3 percentage points
Employment
US private sector sheds 32,000 jobs in September
United States private sector employment shed 32,000 jobs in September, though pay rose by 4.5% from the previous year. Jobs were lost across most sectors, according to ADP’s National Employment Report. September’s losses were the largest decrease since March 2023. “Despite the strong economic growth we saw in the second quarter, this month's release further validates what we've been seeing in the labour market, that U.S. employers have been cautious with hiring,” said ADP chief economist Nela Richardson. Economists surveyed by Dow Jones had projected 45,000 jobs would be added in September. The goods-producing industry shed 3,000 jobs last month, while the service-providing industry lost 28,000. Leisure/hospitality recorded the largest decline, dropping 19,000 jobs. The only sectors to report an increase in jobs were education/health services, which posted 33,000 new jobs, and natural resources/mining, which added 4,000. Job losses were concentrated with small- and medium-sized businesses, which lost 40,000 and 20,000 jobs respectively. Businesses with more than 500 employees added 33,000 jobs. The Midwest was also the only major region to report a decrease in jobs. Around 63,000 jobs were lost across the Midw
Employment
Part timers hold Australian jobless rate steady
Australia's seasonally adjusted unemployment rate remained at 4.2% in August as part-time workers replaced full-timers in the workforce, according to data from the Australian Bureau of Statistics (ABS). ABS Head of Labour Statistics Sean Crick said employment fell by 5,000 people and unemployment dropped by 1,000 as the participation rate, which measures working-age Australians employed or looking for work, eased by 0.1 percentage points to 66.8%. He said full-time employment dropped by 40,900 people to 10,077,300 while part-time employment rose by 35,500 to 4,549,200 as employment dropped to 14,626,500, all seasonally adjusted. The number of women working dropped by about 30,000, while 11,000 men joined the unemployment queue of 647,400 people. The seasonally adjusted unemployment figure in August was the same as in July and up from 4.1% in August 2024. Part-time employment rose by 18,000 for women and 17,000 for men. “Hours worked fell 0.4 per cent in August, supported by less people working full-time hours this month,” Crick said in a media release. The employment to population ratio decreased to 64.0% in August from 64.2% in July, and the underemployment rate decreased to 5.7% from 5.9%. Labour force da

Employment
US adds 911K fewer jobs than thought in year to March
The United States added 911,000 fewer jobs than previously estimated in the year to March, showing weakness in the labour market extending through 2024. The Bureau of Labor Statistics (BLS) revised its number of non-farm jobs created annually downward by 911,000, or 0.6%, for the month. These were the largest yearly revisions since 2002. “The annual benchmark revisions over the last 10 years have an absolute average of 0.2% of total nonfarm employment,” according to the BLS. The trade, transportation, and utilities sector saw the largest downward revisions, at a total of 226,000 or 0.8%. Retail trade and wholesale trade job additions were revised down by 126,200 and 110,300, respectively. The transportation & warehousing and utilities industries were the only two areas to post a net increase in created jobs from initial estimates, and were revised upward by 6,600 and 3,700. The leisure and hospitality sector also reported a major revision, adding 176,000 fewer jobs than first estimated. The information sector’s revisions represented the largest percentage decrease, falling by 67,000 jobs or 2.3%. Jobs added in the U.S. were revised down by a total of 21,000 across June and July in August’s BLS report, released th
Employment
American's confidence in finding a new job declines
American job seekers' confidence in finding a new job has fallen, according to a new survey. The new Federal Reserve Bank of New York's Survey of Consumer Expectations found that the average “perceived probability” of finding a new job after losing one fell 5.8% points to 44.9%, which is the lowest measure on record since 2013 when the New York Fed began collecting data. People of all ages, education, and income groups reported this sentiment, but it was most prevalent with those with at most a high school education. Americans are also concerned about unemployment and the prospect of losing their jobs. Expectations of the United States employment rate increasing rose by 1.7% to 39.1%. Perceived probability of losing one’s job also lifted by 0.1% to 14.5%, which is above the series’ 12-month trailing average of 14%. This is a reversal of the Great Resignation that occurred in 2021-2022, where around 4.5 million workers a month were quitting their jobs. In July, this number stood at 3.2 million, which is well off pace from a few years ago and a more than 5% decrease from the same period in 2024, according to the Bureau of Labor Statistics figures. “Consumers are feeling down about job-finding opportunities, and
Employment
US job creation falters in August as job market softens
United States job creation continued to struggle in August, signalling weakness in the labour market and potentially raising the chance of an interest rate cut. Just 22,000 non-farm jobs were added last month, dropping from 79,000 in July. The unemployment rate increased from 4.2% to 4.3%, the highest since 2021. “Over the month, a job gain in health care was partially offset by losses in federal government and in mining, quarrying, and oil and gas extraction,” according to the U.S. Bureau of Labor Statistics (BLS). The healthcare sector reported a gain of 31,000 jobs, though this was below its 12-month average of 42,000. Mining, quarrying, and oil and gas extraction jobs dropped by 6,000. Federal government employment also fell by 15,000 in August, having plummeted by 97,000 from January. Trade employment and manufacturing employment were each down by 12,000. The number of unemployed people was 7.4 million, the BLS said. In August, there were 786,000 unemployed people seeking a first job, down 199,000 from July. Jobs added in June and July were revised downward by a total of 21,000. Non-farm jobs declined by 13,000 in June, compared with the BLS’ previously reported increase of 14,000. Around 79,000 jobs were
Employment
US job openings sink to 10mth lows in July
United States job openings reached their lowest level in 10 months in July, indicating a softening labour market. Non-farm job openings were 7.181 million in July, dropping from the 7.357 million seen in June. The number of openings fell below the number of unemployed workers for the first time in over four years. “The number and rate of job openings were little changed at 7.2 million and 4.3 percent, respectively, in July. The number of job openings decreased in health care and social assistance (-181,000); arts, entertainment, and recreation (-62,000); and mining and logging (-13,000),” according to the U.S. Bureau of Labor Statistics’s Job Openings and Labor Turnover Summary (JOLTS). Openings in July were the lowest since the 7.103 million reported in September 2024, and missed FactSet estimates of 7.37 million. The U.S. unemployment rate was 7.236 million in July after a 221,000 monthly increase, marking the first time job openings have been below unemployment since 2021. The number of hires in July was 5.308 million, climbing slightly from June’s 5.267 million. The rate of hires was unchanged at 3.3%. Separations were at 5.289 million, down from 5.341 million in June. Both the number of quits and the number of