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September 2025 ADP Report: A Closer Look at the Labor Market Shift The latest ADP National Employment Report for September 2025 has raised eyebrows with a surprising loss of 32,000 private sector jobs, starkly contrasting the anticipated gain of 51,000. This marks the largest monthly drop since March 2023, signaling a potential softening in the labor market. August's figures were also revised downward from an initial 54,000 gain to a 3,000 loss, highlighting a troubling trend with three declines
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ADP Employment Report: -32,000 Jobs in September after -43,000 Annual Adjustment to Benchmark ADP data to BLS Data | Wolf Street
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