Non-governmental organizations have been analyzing the employment situation in the United States, with most expressing pessimistic forecasts.

On November 7, despite the U.S. government shutdown leading to the inability to release multiple employment data, U.S. private institutions and enterprises have made predictions about the employment market situation based on their own statistics: Private institutions: Recruitment website Indeed: The number of job postings at the end of October has dropped to its lowest level since 2021. Revelio Labs: It is estimated that the U.S. lost 9,100 jobs in October, mainly due to layoffs in government departments. The number of layoffs recorded by Challenger in the U.S. in October was 153,074, a year-on-year increase of 175%, the largest increase in seven months; the total number of layoffs in the year has increased by 65% year-on-year. Financial Institutions: UBS Group: Data from ADP and Challenger's private sector indicate that the labor market remains weak. TS Lombard: Recent data released does not show further signs of deterioration in the job market. Bank of America: The U.S. job market is continuing to slow down, but there has not been any substantial change compared to the already turbulent September. The market is cooling down but has not collapsed. Ernst & Young: Whether due to potential weak hiring demand or the emergence of new technologies like AI, businesses and business leaders believe that the demand for talent has decreased. This will be the reality going forward. (Jin10)