Updated on: October 1, 2025 / 8:55 AM EDT
/ CBS News
The ADP National Employment Report, a measure of private employment in the U.S., said on Wednesday that payrolls at private employers declined by 32,000 jobs last month, signaling the labor market continued to face headwinds in September.
More attention may be given to the ADP data this week because the government’s monthly jobs report, scheduled for release on Friday, Oct. 3, could be delayed due to the government shutdown that began today, according to Oxford Economics.
The ADP report, which is based on payroll data from more than 26 million U.S. employees, comes as the U.S. showed stronger-than-forecast GDP growth in the second quarter. At the same time, the government’s monthly jobs reports this summer have shown disappointing job growth as some businesses are holding off on hiring amid economic challenges such as tariffs and artificial intelligence.
“This is the latest data point signaling a fairly dramatic softening in labor momentum as companies aggressively dial back on hiring,” Adam Crisafulli, head of investment advisory firm Vital Knowledge, said in a report.
— This is breaking news and will be updated.
Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports.
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