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The "mini nonfarm payrolls" rebound beyond expectations, is the US job market recovering?
The "mini nonfarm payrolls" rebound beyond expectations, is the US job market recovering?

US ADP employment in October saw the largest increase since July, with previous figures also revised upward. However, experts caution that the absence of nonfarm payroll data means this figure should be interpreted cautiously.

Jin10·2025/11/05 22:04
Flash
  • 22:24
    US Treasury Secretary Optimistic About Supreme Court Tariff Case
    According to Jinse Finance, The Wall Street Journal reported that after attending oral arguments at the U.S. Supreme Court regarding a tariff case, U.S. Treasury Secretary Bessent expressed at the White House that he is "very optimistic" about the government's chances of winning. Bessent also addressed an apparent contradiction between President Trump and his Deputy Attorney General when discussing tariffs: just on Wednesday, Trump stated that tariffs are an important source of revenue for the federal government, while his lawyer argued before the court that raising revenue is not the goal of taxation—a significant legal distinction. Bessent said that tariffs are designed as a wall to protect U.S. manufacturing, and he believes that as domestic industry develops and replaces imports, tariff revenue will decrease over time. "So the goal is balance," Bessent said.
  • 22:24
    World Economic Forum Chairman Warns: AI, Cryptocurrency, and Debt May Become the Three Major Bubbles
    Jinse Finance reported that World Economic Forum (WEF) Chairman Børge Brende stated on Wednesday that global financial markets may face three potential bubbles that deserve worldwide attention. During his visit to São Paulo, Brazil's financial center, Brende said: "In the future, we may see bubbles emerge. The first is the cryptocurrency bubble, the second is the AI bubble, and the third is the debt bubble." He added that since 1945, government debt levels have never been this high. Brende pointed out that while AI is expected to bring significant productivity improvements, it could also pose a threat to a large number of white-collar jobs. "In the worst-case scenario, we may see phenomena similar to the 'Rust Belt' in major cities, where cities with a large number of back-office positions and concentrations of white-collar employees are more likely to have their jobs replaced by AI." He cited recent layoff announcements by companies such as Amazon and Nestlé as examples of this trend.
  • 21:56
    A certain exchange's Q3 net revenue reached $1.27 billion, exceeding market expectations.
    Jinse Finance reported that the influencer brokerage Robinhood posted a net revenue of $1.27 billion for the third quarter, compared to analysts' expectations of $1.21 billion; third-quarter cryptocurrency revenue was $268 million, while analysts expected $287.2 million; third-quarter adjusted EBITDA was $742 million, compared to analysts' expectations of $726.9 million; third-quarter ARPU (average revenue per user) was $191, while analysts expected $182.
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