News

Jinse Finance reported that the four-week average report from the US Automatic Data Processing company (ADP) showed that, for the four weeks ending October 25, 2025, private sector employers laid off an average of 11,250 workers per week, indicating that the labor market struggled to sustain job creation in the latter half of the month. These figures are preliminary and may change as new data is added. Last week, the ADP National Employment Report showed that after two months of decline, employment growth recovered in October, with private sector employers adding 42,000 jobs. Although this growth was welcomed, it was not broad-based. Education and healthcare, as well as trade, transportation, and utilities, led the growth. In professional business services, information, and leisure and hospitality, employers cut jobs for the third consecutive month. More and more people believe that due to reduced demand for workers and supply shortages, employment growth will remain slow for the foreseeable future. ADP Chief Economist Nela Richardson stated that as both labor supply and demand slow down, economists are looking for a new breakeven rate. This is the minimum number of jobs the economy needs to add each month to keep the unemployment rate stable. Looking ahead, the breakeven rate may no longer be a stable constant, but is more likely to change continuously.

Jinse Finance reported, citing Cointelegraph, that 11 XRP ETF products are now listed on the DTCC website. Analysts say the end of the U.S. government shutdown could open the door for a surge of XRP ETFs.