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In reply to the discussion: Private payrolls declined in September by 32,000 in key ADP report coming amid shutdown data blackout [View all]lostincalifornia
(4,617 posts)According to Bloomberg:
"Payrolls at US 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.
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"Despite the strong economic growth we saw in the second quarter, this months release further validates what weve been seeing in the labor market, that US employers have been cautious with hiring, said Nela Richardson, chief economist at ADP.
The ADP data stand to be the highest profile report on the labor market this week as the governments September employment numbers, scheduled for Friday, will be delayed given the shutdown. Other recent sources generally point to anemic job growth, less appetite for hiring, few layoffs and modest wage gains."
https://www.bloomberg.com/news/articles/2025-10-01/us-firms-shed-32-000-jobs-in-adp-report-after-data-adjustment
What Is the ADP National Employment Report?
"The ADP National Employment Report is a monthly report of economic data that tracks trends in the level of nonfarm private employment in the U.S. It is published by Automatic Data Processing and provides a breakdown of data by industry, region, and establishment size.
This report is published two days before the Bureau of Labor Statistics (BLS) employment report and is used by investors as a preview of the official BLS report."
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"How the ADP National Employment Report Works
If you're not self-employed or a government worker, ADP likely handles your payroll. The firm handles payroll for approximately one-fifth of U.S. private employment, placing it in a unique position to survey trends in the nation's labor market.
ADP gathers data from its payroll and benefits services for companies. It issues reports on its findings through a partnership with Stanford Digital Economy Lab."
https://www.investopedia.com/terms/a/adpreport.asp
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