US EditionThe US economy lost 32,000 private-sector jobs in September
Private payrolls fell by 32,000 jobs in September, the largest drop in 2.5 years, with losses across most sectors amid a government shutdown halting official labor data releases.
- Payrolls processing firm ADP said Wednesday that private payrolls fell by 32,000, marking the largest monthly decline since March 2023 in the United States.
- A funding impasse in Washington has led to a government shutdown that created a data blackout delaying Bureau of Labor Statistics and Labor Department releases.
- Across industries, leisure and hospitality sector lost 19,000 jobs and other services fell 16,000, while education and health services added 33,000 and smaller businesses lost 40,000.
- Economists surveyed by Dow Jones had expected a 45,000 increase and consensus nonfarm payrolls expectation was 51,000, yet wage growth metrics rose 4.5% year-over-year with the rate for those changing positions at 6.6%.
- With the Fed meeting Oct. 28, officials rely on payroll releases, but the shutdown blocks data before the October 28, 2025, meeting, limiting available information.
110 Articles
110 Articles
Hartford Courant
US firms shed 32,000 jobs in ADP report after data adjustment
By Jarrell Dillard, Bloomberg News Payrolls at U.S. companies unexpectedly dropped in September, due at least in part to issues with data analysis. Private-sector payrolls decreased by 32,000 after a revised 3,000 decline a month earlier, according to ADP Research data released Wednesday. The figure was below all estimates in a Bloomberg survey of economists. ADP periodically recalibrates their figures based on an expansive series from the Burea…
Surprisingly Grim Jobs Data May Accelerate Fed Interest Rate Cuts
The Trump administration reportedly plans to keep most national parks open during the government shutdown. That means Americans can still enjoy viewing the annual deciduous kaleidoscope of red, yellow, umber and orange in the autumn foliage of the country’s most storied wilderness preserves. The view for economists, investors and Federal Reserve officials, on the other hand, will be at least partially obstructed amid a data blackout. Notably, th…
Brazil’s Real Slips As U.S. Data Shock And Shutdown Collide With Brasília’s Fiscal Jitters
USD/BRL hovered around 5.33 on Thursday morning after closing at 5.3293, a small move that masks a bigger story. Globally, the dollar softened midweek as the U.S. private-sector jobs report (ADP) unexpectedly showed a 32,000 job loss in September versus forecasts for a 50,000 gain. At the same time, Washington’s government shutdown began, delaying many […]
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