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US private sector job growth slowed sharply starting Nov 2023, signaling a new economic era.

Market News
29 Oct 2026, 15:00 WIB
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US private sector job growth slowed sharply starting Nov 2023, signaling a new economic era.

In November 2023, the US private sector added only 84,000 jobs, a sharp drop from the usual 150,000+ monthly job gains during economic growth. This slowdown continued into December 2023 with just 99,000 jobs added, marking the start of a historically unprecedented economic shift. Over the following years, hiring worsened, indicating a new kind of economy the nation had not seen before. This trend is significant as it may affect economic policies and investor strategies going forward.

The U.S. job market's low-hire, low-fire economy turns 3 years old, marking a significant shift in employment trends. For readers following U.S. stocks, here is Pluang's market snapshot as of Oct 29, 2026 18:51 WIB: out of 150 priced US stocks tradable on Pluang, 81 rose and 69 fell today. Notable movers include GOOG (Google Inc) at USD 286.00 with a 1-day change of -11.15%, CAT (Caterpillar Inc) at USD 645.00 down 9.59%, and CVNA (Carvana Co) at USD 64.00 up 8.38%.

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