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Story summary
- Automatic Data Processing, Inc. (ADP) shows private employers losing 13,500 jobs weekly over the past month, up from 2,500.
- The government shutdown has delayed data, leaving the Federal Reserve with limited information for the December 9-10, 2025 meeting.
- Several Federal Reserve officials advocate for rate cuts, with expectations for a December 2025 reduction.
- Goldman Sachs expects further job losses in October 2025, despite September 2025 growth of 119,000.
