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Private U.S. employers shed 32,000 jobs in September, according to ADP, signaling labor market weakness. This data gains significance as a government shutdown may delay the official jobs report, leaving the Federal Reserve with limited information for its upcoming interest rate decision. The decline, the largest since March 2023, was driven by small and midsize businesses, while large employers added jobs. Economists are concerned about the potential impact on monetary policy.

Prepared by Christopher Adams and reviewed by editorial team.