All articles tagged with #private sector data
The suspension of ADP's access to employment data highlights the importance of government-produced economic data, as private sector sources, despite their value, cannot fully replace the comprehensive and reliable information provided by government agencies, especially during times of data collection disruptions like government shutdowns.
Private-sector data suggests US consumer demand slowed in September after a strong summer, with discretionary spending decreasing, though official retail figures may differ. Economists warn that the upcoming holiday season will test consumer resilience amid a cooling job market and inflation, despite some optimistic corporate outlooks and mixed retail reports.
Hiring stalled in September, with private sector data indicating weak job growth despite strong business investment and consumer spending, complicating economic outlooks amid government data delays and ongoing shutdown.