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Goldman Sachs: The U.S. may lose 50,000 jobs in October.
On November 11, Goldman Sachs estimated that the U.S. non-farm payrolls decreased by about 50,000 in October, marking the largest decline since 2020. Its employment growth tracking indicator slowed from 85,000 in September to 50,000, with another 100,000 positions cut due to the “deferred layoff plan” implemented by the Trump administration. The bank pointed out that the number of layoffs is rising and labor market indicators are weakening. ( Jin10 )