Private payrolls averaged 24,750 over the four weeks to Sep 26, the first marginal slowdown in eight weeks, per ADP data flagged by Liz Ann Sonders. Labor demand is cooling at the margin, not cracking

What happened: Private payroll hiring slowed marginally for the first time in eight weeks, per @AdpResearch data cited by Liz Ann Sonders. Key numbers: Average of 24,750 private payroll jobs added over the four weeks ending Sep. 26. Why it matters: The post frames the slowdown after eight weeks of gains as cooling rather than a collapse, and asks whether another reading is needed before turning bearish.

First hiring slowdown in eight weeks signals labor market cooling per ADP data.

First hiring slowdown in eight weeks signals labor market cooling per ADP data. — impact context not separately stored; see What changed.