Private payroll losses accelerated in the past four weeks, ADP reports

Labor Market Insights - The U.S. labor market is showing signs of weakening, with an increase in layoffs reported by ADP, averaging 13,500 jobs lost per week over the past four weeks, up from 2,500 jobs lost in the previous update [1] - The government shutdown is affecting data releases, leading to reliance on alternative data sources like ADP to fill in economic gaps [2] Federal Reserve Policy Outlook - Federal Reserve policymakers will lack usual data for forecasts during their meeting on December 9-10, with several officials advocating for additional interest rate cuts, prompting market expectations for a reduction at the next meeting [3] - Goldman Sachs anticipates that the Fed will implement a rate cut in December, followed by two additional quarter percentage point reductions in 2026 [5] Economic Indicators - The next jobs report is scheduled for December 16, and the Consumer Price Index (CPI) for December 18, with expectations that alternative indicators will show renewed job losses in October despite a reported growth of 119,000 payrolls for September [4]