---
title: This morning’s surprisingly negative ADP data comes at a tricky time, with Friday’s jobs report at risk from the shutdown.
description: "Private payrolls saw their biggest decline in two-and-a-half years during September, a further sign of labor market weakening that compounds the data blackout accompanying the U.S. government shutdown.\n\nCompanies shed a seasonally adjusted 32,000 jobs during the month, the biggest slide since March 2023, payrolls processing firm ADP reported Wednesday. Economists surveyed by Dow Jones had been looking for an increase of 45,000.\n\nIn addition to the drop in September, the August payrolls number was revised to a loss of 3,000 from an initially reported increase of 54,000.\n\nThe report comes as the funding impasse in Washington, D.C. has led to the first government closure since late 2018 into early 2019. Failing a deal over the next two days, the Bureau of Labor Statistics’ nonfarm payrolls report for September will not be released, nor will the Labor Department put out the weekly jobless claims count on Thursday. The last time the BLS payrolls report was delayed was in 2013.\n\nSource: CNBC, Bloomberg, @M_McDonough on X"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [This morning’s surprisingly negative ADP data comes at a tricky time, with Friday’s jobs report at risk from the shutdown.](https://blog.syzgroup.com/syz-the-moment/this-mornings-surprisingly-negative-adp-data-comes-at-a-tricky-time-with-fridays-jobs-report-at-risk-from-the-shutdown)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Oct 1, 2025, 2:42:05 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/this-mornings-surprisingly-negative-adp-data-comes-at-a-tricky-time-with-fridays-jobs-report-at-risk-from-the-shutdown)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Charles-Henry Monchau, CFA, CMT, CAIA"
  },
  "dateModified" : "2025-10-01T14:42:05.865Z",
  "datePublished" : "2025-10-01T14:42:05Z",
  "headline" : "This morning’s surprisingly negative ADP data comes at a tricky time, with Friday’s jobs report at risk from the shutdown.",
  "image" : {
    "@type" : "ImageObject",
    "height" : 531,
    "url" : "https://25733253.fs1.hubspotusercontent-eu1.net/hubfs/25733253/3-Oct-01-2025-02-41-48-1241-PM.jpg",
    "width" : 800
  },
  "mainEntityOfPage" : "https://blog.syzgroup.com/syz-the-moment/this-mornings-surprisingly-negative-adp-data-comes-at-a-tricky-time-with-fridays-jobs-report-at-risk-from-the-shutdown",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Syz The Moment"
  }
}
```