No jobs report today. But there are plenty of other signs the labor market is in bad shape.

Core Insights - The labor market is showing signs of weakness, with private sector job losses and declining job openings indicating a potential slowdown in economic activity [2][7]. Job Market Data - ADP reported a loss of 32,000 jobs in the private sector for September, significantly below expectations [2]. - Job openings fell to 17 million in September, representing a 17.2% decrease year-over-year, marking the lowest level of active job postings in at least three years [3]. - The professional and business services industry experienced the steepest decline in job openings, down 31.4% year-over-year, followed by the government sector and "other services," both down 30.5% year-over-year [4]. Hiring Trends - Employers have announced plans to hire 204,939 workers in 2023, a 58% decrease compared to the same period last year, marking the lowest hiring plans for the first nine months since 2009 [5]. - Seasonal hiring plans are significantly subdued, with only 100,800 seasonal hires planned last month compared to 401,850 in October of the previous year [6]. - The overall hiring slowdown is attributed to lower consumer confidence and tariff pressures, particularly affecting the retail sector as the holiday season approaches [6].