Part 10/15:
Recent labor data points to declining job creation. For September, ADP's reports suggest an employment gain of merely 14,000, roughly aligning with a monthly increase of 50,000 in October—far below the robust growth needed to sustain a healthy economy. These figures reinforce the notion of a "flat beverage" curve, where employment neither grows nor contracts significantly but remains on the brink of decline.
International Perspective: A Global Trend
This pattern isn’t confined to the U.S.. In the UK, unemployment rose to 4.8%, hitting a four-year high, despite the Bank of England's hawkish stance. Australia’s jobless rate edged up to 4.5%, approaching near four-year highs, even though widespread layoffs are not prevalent there either.