Special salary lists decreased in September 32,000 in the next main ADP report amid the cutting of closing data

Special salaries witnessed the largest decrease in two and a half years during the month of September, and it is another sign of weakening the labor market that focuses on the interruption of data associated with the closure of the United States government.

Companies have cast 32,000 modified jobs during the month, the largest segment since March 2023. The economists surveyed by Dow Jones were looking for an increase of 45,000.

In addition to the decrease in September, August salary number was reviewed to a loss of 3000 of the initial increase of 54,000.

The report comes as Washing financing in Washington, DC It has led to the closure of the first government from late 2018 until early 2019. A deal will not be launched over the next two days, and the report of salaries that do not exercise the Ministry of Labor will not be issued for the month of September, and the Ministry of Labor will not issue the number of weekly emotional claims on Thursday. The last time the BLS salary report was delayed in 2013.

Federal reserve officials rely on salary issues because they make decisions on interest rates. The following Federal Reserve meets on October 28-29, which means that there will be no other report on salary statements before that.

After that, the ADP number takes additional importance as the markets are widely expected that the central bank will reduce the other quarter points from the main borrowing rate.

Job losses are spread throughout the sectors during the month of September, and it has 33,000 increase in education and health services with the reopening of schools and health care continued to have long employment.

Elsewhere, entertainment and hospitality, a major sector for demanding consumers, witnessed a 19,000 loss with a decrease in the holiday season. The other services category recorded a decrease of 16,000, while professional and commercial services were from 13,000, trade, transportation and facilities decreased by 7000 and construction lost 5000.

On a large scale, service providers decreased 28,000 and the goods producers have been disposed of 3000. Companies that have less than 50 employees lost 40,000, while companies with 500 employees or more than 33,000 employees added.

“Despite the strong economic growth that we saw in the second quarter, the issuance of this month increases the validity
Nella Richardson, ADP chief economist, said what we saw in the labor market was that American employers were careful in employment.

The American economy expanded by 3.8 % in the second quarter and is on its way to achieve 3.9 % gains in the third quarter, according to a course that tracks the GDP data in Atlanta.

However, fears have increased on the extent Labor market conditionEven with the unemployment rate at 4.3 % relatively low.

“My basic outlook does not witness that the labor market is much more – but there are risks,” said Susan Collins, Boston Bank president, on Tuesday. “In particular, I see some of the increasing risks in which the demand for employment may decrease significantly, which leads to a more feasible and unwanted increase in the unemployment rate.”

The consensus point of the month of September was a profit from the unanimous salaries 51000 in the BLS report, which unlike the ADP includes government jobs.

Even with the slowdown of employment, wages grew in September by 4.5 % on an annual basis, little of August changed. However, the rate of the increase slowed to 6.6 % for these changing situations, down half a percentage of August.