Recession Odds 'Not At 0%,' Says Economist As Small And Medium Businesses Drive Job Losses In ADP Report Amid BLS Shutdown - SPDR S&P 500 (ARCA:SPY)
Benzingaยท2025-10-02 11:26
A surprisingly weak private-sector ADP Employment report, released during an ongoing government shutdown, has intensified fears of a looming economic downturn.Economist Warns Recession Odds Are Not At 0% LevelU.S. private payrolls unexpectedly shed 32,000 jobs in September, a stark reversal from consensus expectations of a 51,000 gain. The losses were driven entirely by small and medium-sized businesses, painting a troubling picture of the U.S. economy.With the Bureau of Labor Statistics (BLS) suspending it ...