US has a stagnant labor market, ADP’s Richardson says #shorts #economy #markets #labormarket #jobs
Bloomberg Television·2025-10-02 16:24
The granular data, does it display the same kind of negativity that the bond market took notice of yesterday. >> Yeah, it does. This is our best estimate of what hiring was in September, negative 32,000. That is our best estimate. It is our most robust estimate.It's rigorous. It's tied to the QCW. So, no, you don't need to dismiss the number.Now, if you look at the the series, we don't fully rebenchmark the year until February with the January release, but that September number is the number. So what it tel ...