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The shutdown meant no jobs report. Carlyle's analysis shows it would have been pretty bad
CarlyleCarlyle(US:CG) CNBC·2025-10-07 11:59

Employment Growth - Employment growth in September was essentially flat, with Carlyle reporting a job increase of only 17,000, lower than the 22,000 gain in August according to Bureau of Labor Statistics data [2][3] - ADP reported a loss of 32,000 jobs in the private sector, indicating a challenging hiring environment [3] Economic Indicators - Despite weak employment data, other economic indicators showed positive trends, with GDP growth at an annualized pace of 2.7% in September and business investment accelerating by 4.8% [4] - Consumer prices for energy decreased by 3.8%, while services excluding shelter rose by 3.3%, which are key metrics for the Federal Reserve [4] Data Sources and Comparisons - Carlyle's data is derived from its extensive global portfolio, which includes 277 companies and 730,000 employees [5] - Goldman Sachs reported a contrasting view, indicating an underlying job growth of 80,000 positions in September, suggesting a loosening labor market with more workers than jobs [5]