US Companies Shed Jobs in Late October, Weekly ADP Data Show (2)

US companies shed 11,250 jobs per week on average in the four weeks ended Oct. 25, according to data released Tuesday by ADP Research.

The figures suggest the labor market slowed in the second half of October, compared with earlier in the month. ADP’s most recent monthly report, released last week, showed private-sector payrolls increased 42,000 in October after declining in the prior two months.

Read More: US Companies Added 42,000 Jobs in October, ADP Data Show

The figures come after an array of companies flagged plans to reduce headcount in recent weeks. A report from outplacement firm Challenger, ...