U.S. Job Market Sheds 32,000 Jobs in September

The U.S. economy shed 32,000 private-sector jobs in September, according to ADP. Construction, manufacturing, and leisure and hospitality all saw losses, while the Midwest was hit the hardest. Wage growth slowed to 4.5% for job stayers and 6.6% for job changers, down from 7.1% in August. The only sector showing gains was large employers with more than 500 workers, which added 33,000 jobs. Subscribe to our newsletter to stay informed with the latest news from a leading Black-owned & controlled media company: https://aurn.com/newsletter Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.