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 o