ADP(US:ADP) Xin Hua She·2025-10-01 20:50Core Viewpoint - In September 2023, the U.S. private sector experienced a reduction of 32,000 jobs, marking the largest decline since March 2023 and significantly lower than the market expectation of an increase of approximately 50,000 jobs [1] Group 1: Employment Data - The data released by Automatic Data Processing (ADP) indicates a notable contraction in the job market, with a decrease of 32,000 positions in the private sector [1] - The U.S. Department of Labor was scheduled to release the non-farm payroll report for September on October 3, but due to the federal government shutdown, the Bureau of Labor Statistics will suspend all operations during the funding interruption [1] - The non-farm employment data from the Bureau of Labor Statistics includes government sector jobs, which are not reflected in the ADP report [1] Group 2: Economic Implications - Some economic analysts predict that if the U.S. labor market continues to show weakness, the Federal Reserve may announce another interest rate cut in October [1]