September 2025 ADP Report: A Closer Look at the Labor Market Shift The latest ADP National Employment Report for September 2025 has raised eyebrows with a surprising loss of 32,000 private sector jobs, starkly contrasting the anticipated gain of 51,000. This marks the largest monthly drop since March 2023, signaling a potential softening in the labor market. August's figures were also revised downward from an initial 54,000 gain to a 3,000 loss, highlighting a troubling trend with three declines

The latest ADP jobs report shows the moving average of private sector job creation was down 11,000 in the four weeks leading up to October 25th, CNBC's Steve Liesman reports, as the lack of official data continues due to the government shutdown. Find more: cnb.cx/4hU4Rzq | CNBC