Negative Labor-Market Data is piling up, events with no sept. Jobs Report

If you’re look for something to start the jobs-report-sized hole in your life this morning, look no further.

JUST Because the shutdown has grind the Government’s Economic-Data Reporting to A Halt Doesn’t Mean there’s No New Info to Digest. One look at the private reports out this weeks provide a strong-enough snapshot of the labor market.

Unfortunately, The Picture isn’t Pretty.

Earlier This Week, Date from Adp Showed The Private Sector Lost 32,000 Jobs in September, Badly Missing Expectations. Markets ALSO TOOK IN A SLEW OF WEAK EPLOYMENT DATA ON THISTDAY THAT SUGGESTED THE JOB MARKET IS STULING.

It’s a Balance Act for Markets. Investors want to see date that supports the case for more cuts but doesn’t weaken Enough to suggest a full-blown recession.

Here are the latest non-government-supplied warning signs the Job Market Has Flashed Recently:

JOB Openings Are Falling

There are 17 million jab openings in septmber. That’s down 17.2% Year-Over-Yyar, Accounting to Data from the Workforce Intelligence Firm Revelio Labs.

Seasonally-adjusted active nonb postings were at their Lowest Level in at Least Three Years, The Firm Said.

JOB Openings Saw the Steepest Drop in the Professional and Business Services Industry, which Saw Openings Decline 31.4% Year-Over-Eyar. That was followed by the Government Sector and “Other Services,” with openings in bot areas down 30.5% year-over -ear.

“Height Uncertainy is Prompting Firms and Investors to Delay New Projects and Slow Hiring, Labor Demand. Looking Ahead, Fewer Posting to Eve Weaker Job Growth,” Revelio’s Report Said.

Hiring plans are running at the Slowest Pace The Great Recession

Employers have announched plans to hire 204,939 workers so far this year, accorting to date from Challenger, Gray & Christmas, Down 58% Compared to the Same Last Year.

That’s the Lower Number of Workers US Employs have said they planned to have the first nine months of the year Since 2009, the outplacement firm Said.

The drop is far -so -due to subdued seasonal hiring. Challenger Said It Recorded JUST 100,800 Seasonal Hiring Plass Last Month, A Fraction of the 401,850 Seasonal Hires that we were planned by october of last year.

“With Lower Consumer Confidence and Tariff Pressures Ahead, We predict the Hiring Season Will Be Mated,” Andy Challenger, the Senior Vice President at Challenger, Gray & Christmas, Said of Hiing in the Retail Sector, Which Makes Up A Significant of Employment in Port. Holideys.

Employers are firing at the Fastest Pace Since 2020

US Employers have announed plans to cut 946,426 Jobs SO light this year, accorting to challenger data. That’s the Highest Number of Planned Job Cuts for the Year-to-Date Period SINCE 2020, be a total of 2,082,262 Cuts were announced over the first nine months of the year.

“IT’S VERY LIKELY JOB CUT PLACE ARE GOING TO SURASS A MILLION FOR THE FIRST TIME SINCE 2020,” Challenger Said in a Statement. “Previous periods with this many Job Cuts Occurred Either During Recessions or, As was the case in 2005 and 2006, During the first wave of automations that cost in manufacturing and technology,” he added.

ACTIONS Stemming from the Department of Government Efficcysis Were the Top Reason Driving Job Cuts This Year, for the Firm’s Analysis. Market and Economic Conditions were the Second-Hoste Common Reason for Planned Firings, Followed by Closings, Restructurings, and Bankruptcy.