ADP Data Signals Weak Job Market As Shutdown Threatens To Delay BLS Report Expected Friday

U.S. private-sector jobs fell by 32,000 in September, the steepest drop since March 2023, as small and midsize firms cut positions. Large employers added 33,000 jobs, but ADP revised August to show a loss instead of gains. The report signals weakening labor momentum as the Fed prepares for its October 29 meeting.