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Payroll management firm Always Designing for People (ADP) has revealed in its latest report that the private sector saw an addition of 42,000 jobs in October.
“October saw a recovery from two months of sluggish hiring, although the growth was not widespread,” according to the ADP National Employment Report. “The sectors leading this upturn were education and health care, along with trade, transportation, and utilities.”
Conversely, the report highlighted that employers have continued to cut jobs in professional business services, information, and leisure and hospitality for the third consecutive month.
Meanwhile, recent polling indicates that President Trump is experiencing his lowest approval ratings concerning the economy. This dip is attributed to unstable job numbers, uncertainties surrounding his tariff policies, and the ongoing government shutdown.
A Fannie Mae survey recently found that nearly 70 percent of participants feel the U.S. economy is on the wrong track. Specifically, in Fannie Mae’s National Housing Survey, 67 percent of respondents expressed the belief that the economy is moving in the wrong direction, while 32 percent felt it was on the right path.
Automakers and other companies in the vehicle space in the last few weeks have withdrawn their investments in electric vehicles (EVs), including laying off employees throughout the U.S.
The action follows Republicans’ One Big Beautiful Bill Act, which got rid of incentives for consumers purchasing EVs.