business
The U.S. Job Market: October Surge Surprises Economists, Shakes Fed’s Plans
The U.S. job market experienced a pulse of hiring in October, yet solid wage growth and more newcomers encouraged workers to jump back into the job hunt last month, according to a report Friday. Inflation (rising prices) is the side dish for monetary policy, given it interferes with the pricing of assets and wages—especially since wage growth has not been commensurate with jobs growth.
Better Than Expected Job Market
Economists were forecasting only meager job gains, in part because of persistent worries about higher inflation, which has led the Federal Reserve to raise interest rates several times to try to cool the economy. But the recent addition of 254,000 new jobs came as a surprise to everyone, squirreling away cash and signaling extreme but unsuspected strength in the U.S. labor market!
The new snapshot of hiring data covers a variety of sectors where the job gains were strong, especially in healthcare, professional services, and leisure and hospitality. The human toll for companies comes even as hiring picks up after the unemployment rate has dropped, and worker confidence is holding, as businesses are expanding in spite of higher borrowing costs.
How Does This Affect the Federal Reserve?
The Federal Reserve is tightening borrowing costs to fight inflation—continued rapid consumer demand, higher prices, and increased spending are key concerns. But these robust job gains get in the way of that effort. In fact, by putting more people to work, this could increase consumer spending, leading to added demand and further driving inflation higher.
Federal Reserve officials are now in a tough spot: Do they lift interest rates more aggressively to bring inflation down, or do they take a breather as the U.S. jobs market shows signs of healing unexpectedly quickly?
Meanwhile, another economist notes that while job growth usually indicates a booming economy, it can also work against inflation. The Fed will have to walk a fine line, as it seeks to tame inflation without tipping the economy into a recession.
Effects on Wages and Inflation
Competition among employers to fill roles is also increasing wages, good news for workers but potentially complicating the Fed’s path even more. More disposable income from higher wages can result in inflation as consumers spend more and companies increase prices to compensate them—this is known as wage-push inflation.
The spike could also show that businesses are in no mood to ignore the economy’s direction, even if borrowing costs are on their way higher. But that confidence, plus an increase in wages, could make it harder for the Fed to nudge inflation back down toward its target of around 2 percent.
What Happens Next?
With the labor market outperforming estimates again, attention now shifts to the Federal Reserve. Is the Fed going to raise interest rates more aggressively to offset inflationary pressure, or will they continue to respond slowly in an attempt not to stall job growth?
Accordingly, the evolution of the economy in the coming months will likely be significant. If inflation remains elevated, the Fed may be compelled to raise rates again, which could prompt a deceleration in economic activity that might ultimately impact the job market. In contrast, should inflation begin to moderate or cool down, the Fed could decide to pause and allow more growth in the economy by holding off on further rate hikes.
That would now appear to be the case because suddenly the job market is accelerating, something that has thrown a monkey wrench into the Fed’s plans. The task in the year ahead will be how to calibrate a job-expanding monetary setting to deliver inflation at lower levels without adding to—or intensifying—such risks.
Conclusion
America now has 254,000 people that it wasn’t expecting to employ, which presents the American economy with a range of positives and negatives. While healthy employment expansion is generally positive, it also creates a headache for the Federal Reserve as it tries to curb inflation. The central bank now has to steer through uncharted waters meticulously, altering policies as needed to keep the economy on course for a safe and substantial recovery.
Verizon announced a sweeping workforce reduction that will affect “more than” 13,000 employees — roughly 13% of its global headcount — in what CEO Dan Schulman calls the company’s largest-ever layoff. In an internal memo, Schulman says the move is intended to “simplify our operations to address the complexity and friction that slow us down and frustrate our customers.” The company also plans to cut outsourced and outside labor costs significantly. U.S.-based staff will begin receiving notifications today; employees outside the U.S. will be informed in the “coming weeks,” the Wall Street Journal reports
What Verizon says
- Reason: operational simplification and removing friction that hurts customer experience.
- Scale: “more than” 13,000 roles, about 13% of the workforce.
- Outsourcing: a significant reduction in outsourced and outside labor spending is part of the plan.
- Timing: U.S. notifications begin immediately; international notifications will follow.
Immediate impact
- Employees: tens of thousands will be affected directly or indirectly. U.S. notifications beginning today means many workers will learn their status immediately.
- Operations: Verizon says the goal is to reduce complexity and improve service — but short-term disruption to teams and projects is possible as roles are consolidated.
- Customers: Verizon frames the change as a way to speed decision-making and improve customer experience, though execution risk exists during the transition.
- Outsourced partners: vendors and contract workers can expect renegotiation or reductions.
What affected employees should do now
- Check official communications from HR and your manager for next steps and severance details.
- Ask about outplacement support (resume help, job counseling) and whether the company offers extended healthcare, COBRA assistance, or phased transitions.
- Document your work (accomplishments, repos, access) and secure personal copies of non-sensitive materials.
- File for unemployment as soon as possible where eligible and update LinkedIn and your network.
- Use company resources (employee assistance programs, career centers) and local talent services.
What managers and the company should prioritize
- Clear, compassionate communications and FAQs for affected employees.
- Fast, transparent explanation of severance, benefits continuation, and outplacement services.
- Careful workload redistribution and project continuity plans to avoid customer impact.
- A public-facing message to reassure customers and investors about service continuity and long-term strategy.
Market and strategic context (what this implies)
- Verizon is attempting aggressive cost reduction while refocusing on product and service quality (e.g., 5G, fixed wireless, enterprise services).
- Cutting outsourced labor and internal layers can reduce costs but carries execution risk: lost institutional knowledge, lowered morale, and short-term productivity dips.
- Investors may welcome lower operating expenses; customers and regulators will watch for service degradation.
Rabat — October 2025
Inside Morocco’s Parliament, tension and reflection filled the air just hours after His Majesty King Mohammed VI delivered his opening-session speech. What was meant as a national roadmap quickly turned into a day of open confrontation, emotional testimonies, and unexpected admissions from members of both majority and opposition blocs.
🏛️ A Speech That Touched Nerves
The King’s address, described by analysts as “direct and reform-oriented,” called for greater social justice, job creation, and balanced development across Morocco’s regions.
“No village left forgotten, no coast without a hand,” the King declared — a message that resonated deeply with citizens and lawmakers alike.
Within hours, parliamentary corridors buzzed with interviews, arguments, and introspection. Some MPs hailed the speech as “a moral reset,” while others questioned whether the government was capable of turning royal vision into tangible results.
🧠 From Rabat to the Sahara — Gen Z Responds
Younger members of Parliament — labeled as جيل زد (Gen Z) — became the focus of cameras and public curiosity. Many expressed frustration at what they see as a widening gap between political promises and everyday realities faced by Moroccan youth.
“The King spoke about unity and work. We agree — but the youth need a chance to prove themselves,” said one 28-year-old deputy.
“We have the energy; the system just needs to open its doors.”
Another young MP caused a social-media storm after saying that “in some ways, Moroccan social values are stronger than Germany’s.”
Critics accused him of downplaying Europe’s economic strength, while others applauded his pride in Moroccan family cohesion.
He later clarified his words, emphasizing that every nation faces challenges — and that Morocco’s real wealth lies in its people.
💬 Resignation, Reflection, and Responsibility
Just a week earlier, one deputy had submitted his resignation in protest over what he called “a lack of listening to the new generation.”
After the King’s address, he withdrew it.
“The royal speech gave me renewed hope. This is not the time to quit — it’s time to work,” he told reporters.
Across party lines, both RNI and PAM youth wings echoed similar messages: commitment to reform, but also impatience with bureaucracy.
Several MPs criticized ministers who, they said, “do not answer calls, do not reply to written questions, and have lost touch with citizens.”
⚖️ Opposition Voices: ‘A Government in Denial’
Members of the opposition used the session to accuse the cabinet of denial and poor communication, arguing that ministers are “living in a different reality” from citizens struggling with prices and unemployment.
“The royal messages were clear,” said one opposition leader. “The problem is not the King’s vision — it’s implementation.”
🌍 Morocco’s Path Forward
Analysts note that the King’s address aligned with long-standing themes: national cohesion, balanced territorial development, and respect for dignity in public service.
But the 2025 context — economic pressure, youth disillusionment, and the digital activism of Gen Z — gives these calls new urgency.
“This generation communicates differently,” said a policy researcher. “If institutions don’t adapt, they’ll lose credibility.”
🕊️ A Message Beyond Politics
As the parliamentary session ended, one young MP summed up the mood:
“الملك تكلّم… ونحن سنُجيب بالعمل — The King spoke, and we will answer through action.”
For now, the chamber that often echoes with partisan debates found itself united — briefly — under a single message:
Morocco’s future belongs to its youth, but responsibility belongs to everyone.
Tata Motors’ luxury brand shuts global IT systems amid suspected ransomware attack; no customer data reported compromised.
Jaguar Land Rover has shut down production and retail systems worldwide after a cyberattack “severely disrupted” operations. A hacking group linked to previous attacks on UK retailers has claimed responsibility. While no customer data appears compromised, the incident halted vehicle registrations and manufacturing, raising fresh alarms about the auto industry’s vulnerability to cyber threats
Jaguar Land Rover Hit by Major Cyberattack
Jaguar Land Rover’s global production and retail operations were brought to a standstill this week after a cyberattack “severely disrupted” its IT systems. The company shut down core applications and suspended manufacturing across key UK plants, including Halewood and Solihull, during one of the busiest sales periods of the year.
The UK’s National Crime Agency has opened an investigation, while the company races to restore operations. JLR confirmed that, as of now, there is no evidence that customer data has been compromise
Immediate Disruption to Plants and Dealers
The September 2 cyber incident forced JLR, owned by India’s Tata Motors, to halt assembly lines, send staff home, and suspend dealer systems used to register new vehicles. Dealers reported they could sell in-stock cars but could not process new registrations, delaying deliveries and revenue flows.
A company spokesperson said:
“We took immediate action to mitigate its impact by proactively shutting down our systems. We are now working at pace to restart our global applications in a controlled manner.”
Expert Reactions
Cybersecurity specialists warn the incident highlights the fragility of digitally integrated manufacturing.
Dray Agha, Senior Manager at Huntress, said:
“This incident highlights the critical vulnerability of modern manufacturing, where a single IT system attack can halt a multi-billion-pound physical production line.”
Aiden Sinnott, a researcher at Sophos, compared the attackers’ tactics to those of notorious cyber gangs:
“They speak English and they are keen on using social media channels. Lapsus$ shared similar tactics and demographics as the Scattered Spider collective.”
Technical Analysis
While JLR has not disclosed the specific intrusion method, several indicators suggest ransomware-style tactics:
- Proactive Shutdowns: JLR’s decision to disable IT and OT (operational technology) systems aligns with standard ransomware containment measures.
- Interconnected Impact: The attack disrupted not just IT but entire supply chains, underscoring the risks of tightly linked digital production networks.
- Extortion Motive Likely: Although no ransom demand has been confirmed, past incidents involving JLR and similar industries suggest data exfiltration and extortion are possible.
The incident underscores the importance of segmentation, real-time monitoring, and robust incident response across manufacturing IT and OT systems.
Impact and Response
- Employees: Factory staff in the UK were sent home as assembly lines stopped.
- Dealers & Customers: Dealers could not register new vehicles, delaying customer deliveries.
- Suppliers: Supply chains faced ripple effects, with halted orders and logistics disruptions.
JLR has engaged external cybersecurity teams and is working with government agencies to restore operations in stages. The company must also prepare for regulatory inquiries and possible long-term trust issues with suppliers and consumers.
Broader Context
The cyberattack comes amid a surge in UK corporate cyber incidents. Retailers including Marks & Spencer, Co-op, and Harrods have all suffered breaches in recent months.
For JLR, this is the second major attack in 2025, following a March breach where a ransomware group claimed to have stolen internal data. The company had invested heavily in cybersecurity modernization, including a contract with Tata Consultancy Services—but repeated incidents suggest lingering vulnerabilities.
Conclusion
Jaguar Land Rover’s shutdown highlights the growing risks of interconnected, digital-first manufacturing. In today’s auto industry, downtime no longer means a local setback—it translates directly into lost global revenue and potential long-term reputational harm.
As JLR works to restore its systems, the incident serves as a stark reminder: in modern manufacturing, operational resilience depends as much on cybersecurity as on engineering.
Sources:
Reuters, Britain’s JLR hit by cyber incident that disrupts production, sales;
The Guardian, Hackers linked to M&S breach claim responsibility for Jaguar Land Rover cyber-attack;
Financial Times, Jaguar Land Rover says production ‘severely’ disrupted by cyber incident;
SecurityWeek, Jaguar Land Rover Operations Severely Disrupted by Cyberattack.
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