ADP: Private Payrolls Down 32,000 in September
The ADP National Employment Report said private‑sector payrolls fell by 32,000 in September 2025, based on payroll records covering more than 26 million U.S. workers. The decline signals a softening in labor‑market momentum ahead of the government's official monthly jobs report — which could be delayed by the federal government shutdown — and includes analyst warnings that firms are holding off on hiring amid economic headwinds such as tariffs and AI‑driven shifts.
Economy
Finance
🔍 Key Facts
- ADP reports a 32,000‑job decline in private payrolls for September 2025.
- The ADP measure is derived from payroll data covering more than 26 million U.S. employees.
- Analysts (Adam Crisafulli) said the reading signals companies are aggressively dialing back hiring; Oxford Economics warned the official BLS jobs report (Oct. 3) could be delayed by the government shutdown.
📍 Contextual Background
- The Social Security Administration's contingency plans provide that in the event of a lapse in appropriations the agency will follow those plans and beneficiaries would continue receiving Social Security, Social Security Disability Insurance (SSDI), and Supplemental Security Income (SSI) payments.
- Prices for living room, kitchen and dining room furniture in the U.S. rose 9.5% from August 2024 to August 2025, according to CPI data.
- U.S. prices for furniture and bedding rose 4.7% from August 2024 to August 2025, and prices for household furnishings and supplies rose 2.8% over the same period, according to CPI data.