Private job numbers are lower than expected - ADP released its latest jobs report that showed private employers had shed 32,000 jobs in September, a stark contrast to the expected gain of around 50,000 jobs.
“Very disappointing, it was a weak number; this is private sector jobs for September, the total comes in negative 32,000,” said CNBC host Sara Eisen on Wednesday.
“And that was a surprise because economists were looking for an increase of 51,000. Also, the revision was not good. August was revised down sharply, the month now showing negative 3,000 compared to the initial read of positive 54,000... the labor market is softening."
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