LOSING LABOR
10/02/2025 |
With the government closed, the BLS’ September monthly job report due Friday is delayed. However, the September ADP private-sector jobs report, based on data from employers who use ADP and covering over 26 million workers, 19% of private-sector employment, showed the private-sector shedding 32,000 jobs. August was drastically revised down from +54,000 to -3,000. These declines clearly show a slow and steadily weakening labor market, defined by very cautious hiring.