Private payrolls declined in September by 32,000 — the biggest drop in 2.5 years

Employment Data Analysis - ADP reports a significant downward revision in job market growth, impacting September's figures [2] - September's non-farm payroll is reported at negative 32,000, significantly lower than the estimated 45,000 [1] - Without revisions, September's figures would have been a positive 11,000 [3] Sector Performance - Small businesses show a decline of 40,000 jobs, while medium businesses are down 20,000 [3] - Large businesses continue hiring, adding 33,000 jobs [3] - Education and health services lead with an increase of 33,000 jobs [3] - Natural resources and mining show an increase of 4,000 jobs [3] - Leisure and hospitality experience a decrease of 19,000 jobs [4] Wage Trends - Job stayers see a wage increase of 45% [4] - Job changers experience a wage increase of 66%, a decrease from August's 71%, particularly in leisure and hospitality and financial activities [4]