Private payroll losses accelerated in the past four weeks, ADP reports
A ‘Now Hiring’ sign sits in the window of a Denny’s restaurant on Nov. 19, 2025 in Miami, Florida.
Joe Raedle | Getty Images
The U.S. labor market is displaying signs of weakening as layoffs increase, according to a report from payrolls processing firm ADP.
Private companies have been losing an average of 13,500 jobs per week over the past four weeks, a significant rise from the previous week’s loss of 2,500 jobs.
Due to the government shutdown affecting data releases, alternative sources like ADP are providing essential economic information.
Government agencies are revising their schedules, with key reports like the nonfarm payrolls count delayed until December.
Despite the lack of data, some Federal Reserve officials are pushing for interest rate cuts, leading to market expectations of a reduction at the next meeting.
Goldman Sachs’ chief economist anticipates further job losses in October and predicts the Fed will cut rates in December and twice more in 2026.
