US Private Sector Loses Jobs in September Amid Shutdown Uncertainty
TL;DR Summary
Private payrolls declined by 32,000 in September, marking the largest drop in 2½ years, amid a government shutdown that delays key labor data releases, signaling a potential slowdown in the U.S. labor market despite overall economic growth.
- Private payrolls declined in September by 32,000 in key ADP report coming amid shutdown data blackout CNBC
- 10-year Treasury yield falls after surprise decline in private payrolls, government shutdown CNBC
- US private sector employers shed the most jobs since 2023 Financial Times
- ADP report: Private employers unexpectedly shed 32,000 jobs as labor market continues pullback Yahoo Finance
- Stocks Fall as US Shutdown Fuels Gold’s Rally: Markets Wrap Bloomberg.com
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