October Jobs Data Restores Market Calm | Presented by CME Group

[Music] The September ADP private payrolls report showed a decline of 32,000 jobs, later revised to 29,000, marking the largest monthly drop since early 2023. This was driven in significant part by a one-time methodology recalibration aligned with the BLS benchmark revisions, which subtracted 43,000 jobs from the September figure, meaning the underlying data would have indicated a modest gain of about 11,000 without the adjustment. October rebounded with a gain of 42,000 exceeding economist expectations aro ...