Wednesday, October 8, 2025

"Carlyle, Bank of America use their own data to say U.S. jobs growth has slowed to trickle"

From MarketWatch, October 7:

Private-equity giant Carlyle estimates the U.S. economy is adding about 15,000 jobs each month, the latest in a series of estimates that attempt to give a picture of the landscape while the government shutdown prevents data from being released.

Carlyle’s estimate, released on Tuesday, comes in the middle of other numbers being released: ADP estimated 32,000 jobs were lost last month, while Revelio Labs said 60,000 positions were added.

 

Bank of America used its own data to come up with a non-seasonally adjusted estimate of payroll growth of around 0.5% year-over-year. Numbers from the Bureau of Labor Statistics over the last three months show that growth has been between 0.85% and 0.97%....

....MUCH MORE