US ADP Employment Falls by 32,000 in September, Largest Drop Since March 2023
The ADP report underscores a significant drop in private sector employment, signaling a continued slowdown in the labor market amid anomalies in data estimates.
Summary
The ADP report for September 2025 indicates a decline of 32,000 jobs in the US private sector, marking the largest drop since March 2023. This was a sharp contrast to the market’s forecast of a 50,000 job increase, suggesting persistent challenges in the labor market.
Terms & Concepts
- ADP Employment Report: A monthly report by Automatic Data Processing Inc. that estimates changes in US nonfarm private sector employment, often used as a labor market indicator.
- Market Expectations: Consensus forecasts by analysts or economists on economic indicators, used to gauge performance versus predictions.