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The federal government shutdown canceled a second straight jobs report, but private data sources suggest the labor market has weakened modestly since summer. Adp’s september report showed private payrolls falling by 32,000, the steepest drop since 2023, with small businesses bearing the brunt of the hit and wage growth coming in soft, too. There's no jobs report today, but here's what private data is telling us about the labor market
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Adp’s monthly report shows private firms added jobs in october, for the first time since july That leaves analysts looking for other signs to gauge the job market. Meanwhile, indeed data shows job openings slumped at the end of october.
