Tag Archives: ADP

Private-sector employers shed 32,000 jobs in September, according to payroll processor ADP, signaling a sharp and unexpected slowdown in the U.S. labor market as the government shutdown delays official data releases. The report, released Wednesday, showed the first monthly decline in private payrolls since early 2023. Economists surveyed by Wall …

Private sector hiring unexpectedly contracted in June, payrolls processing firm ADP reported Wednesday, marking the first monthly decline in job growth since March 2023 and raising questions about the underlying strength of the U.S. economy. In a sharp contrast to Wall Street expectations, private payrolls shrank by 33,000, well below …