Read, Watch or Listen

Despite the government shutdown halting the official jobs report, alternative data suggests the US labor market remained stable in September. While growth is described as anemic, job losses are not widespread, and employers are hesitant to lay off staff. Indicators show a softening market with fewer openings, particularly for new entrants, and a notable divergence in job prospects across sectors like healthcare versus tech. Despite some negative private payroll data, the overall unemployment rate remains historically low.

Prepared by Christopher Adams and reviewed by editorial team.