{NBC News 1 October} ‘U.S. companies shed 32,000 jobs in September in latest sign of labor market weakness’
Bleak news all around:
ADP may be the only jobs data reported this week. The government shutdown, which began Wednesday, means that the Bureau of Labor Statistics is closed and unable to publish the official government jobs report Friday.
Companies with fewer than 50 employees were among those hit the hardest in September, with firms employing 20-49 employees shedding 21,000 jobs and those employing fewer than 19 workers losing 19,000 jobs.
ADP said the negative number was due in part to recently revised BLS data but "the trend was unchanged; job creation continued to lose momentum across most sectors." Additionally, "pay gains for job-changers slowed to 6.6% from 7.1% in August."
ADP also revised down August's employment growth of 54,000 to a loss of 3,000.
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