Recession Odds 'Not At 0%,' Says Economist As Small And Medium Businesses Drive Job Losses In ADP Report Amid BLS Shutdown

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. 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% Level U.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, ...