US jobs employment economy: What is wrong with U.S. economy? Jobs, employment vanishing, domestic companies declining. Details here

Jobs and employment losses are rising sharply in the U.S. Small business firms are cutting jobs at an alarming rate. October marked the fourth consecutive decline in net hiring.

According to the Kobeissi Letter, more than 5,900 job losses were recorded in small companies.

The layoffs fall into several categories: Professional, Scientific and Technical Services, Administrative and Support Services, and Retail Trade. Administrative and Support Services job postings decreased by a net 4,480. Professional, Scientific and Technical Services fell to 4,330.
This comes at a time when the number of domestic companies listed in the US has fallen below the bottom five companies in 2025. Since 2022, the figure has fallen by 31 percent, according to data cited by the Kobeissi Letter.

If the current rate of decline continues, the number will drop to the lowest level in history, according to the Kobeissi Letter.

The Labor Department will release September hiring and unemployment numbers next Thursday, a month and a half late, marking the beginning of the end of the data drought caused by the 43-day federal government shutdown. The statistical obfuscation has meant that the Federal Reserve, business, policymakers and investors have been largely in the dark since late summer about inflation, job creation, GDP growth and other measures of U.S. economic health. Thomas Simons and Michael Bacolas from the financial firm Jefferies wrote in their comments on Friday that there were more than 30 reports. Releases from the Labor Department’s Bureau of Labor Statistics and the Commerce Department’s Bureau of Economic Analysis and the Census Bureau were delayed due to political tensions.

The Labor Department has not released its weekly report on the number of Americans signing up for unemployment benefits for seven weeks. This unemployment claims report is seen as a potential early indicator of where the labor market is headed.

FAQ

Q1. When will the Ministry of Labor data be announced?
A1. Ministry of Labor data will be announced next Thursday.

Q2. What was the impact of the government shutdown on employment data?
A2. The statistical obfuscation has meant that the Federal Reserve, businesses, policymakers and investors have been largely in the dark since late summer about inflation, job creation, GDP growth and other measures of U.S. economic health.