What Are Nonfarm Payrolls? Definition & Economic Importance

Private Payrolls Decline by 32,000 in September Amid Shutdown Data Blackout The U.S. labor market showed signs of weakening in September, with private payrolls declining by 32,000 jobs, according to the ADP Employment Report. This marks the biggest drop since March 2023 and signals a slowdown in hiring, compounded by the ongoing government shutdown, which has created a data blackout for essential labor statistics. The September report was significantly worse than economists' expectations, and Au