Private data shows weakening job market even as stocks soar

The Bureau of Labor Statistics is still dark amid the government shutdown, but Wall Street’s own gauges are flashing warning signs for the job market. Carlyle Group’s proprietary dashboard pegged September payroll gains at just 17,000, down from an already weak August. It's evidence that hiring has remain muted even as output holds up, and other private data sources tell a similar story . ADP’s September report showed private payrolls falling by 32,000 , the steepest drop since 2023, with small businesses ...