The ongoing government shutdown continues to dominate news cycles on a variety of fronts. One of its impacts last week was the lack of a national jobs report from the Bureau of Labor Statistics. In its absence, many are turning to alternative measures to monitor the health of the job market. 

ADP reported that private-sector employment declined by 32,000 jobs in September. The company processes the most payrolls in the U.S., and it estimated the companies with fewer than 50 employees took the brunt of the job losses, losing 40,000 jobs while larger companies added to payrolls. From an industry standpoint, the leisure and hospitality sector lost 19,000 jobs. 

Other sources, from Indeed’s job listing platform to Wall Street analysts, tend to tell a similar story. The job market remains sluggish, if not fragile. On a positive note, layoffs are in a normal range, but an acceleration in the job market appears questionable in the near term.  

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