Hosts Ellen Zentner and Julia Coronado break down the latest ADP data showing slowing private sector job growth and discuss what it means for the broader labor market. They explore whether AI, global trade, and immigration are playing a role in weaker hiring, and why government data remains essential for understanding employment trends—especially during a government shutdown. The hosts also preview the upcoming Federal Reserve meeting, including expectations for a rate cut, and highlight NABE’s annual meeting in Philadelphia featuring Fed Chair Jerome Powell.

Follow the podcast and turn on notifications so you never miss an episode! The Labor Brief drops every Monday following the employment report.

Don’t miss the 67th NABE Annual Meeting, October 12–14 in Philadelphia. Arranged around the theme Global Economy in Transition: Finding Opportunity Amid Disruption, the conference will tackle challenges from geopolitical instability and shifting trade policies to climate change and evolving labor markets. Full conference, single-day, and virtual rates are available—the advance deadline is October 8, so act soon to secure your spot.