U.S. Companies Cut 32,000 Jobs in September

U.S. companies unexpectedly lost 32,000 jobs in September, according to ADP, contrasting with Wall Street’s expectations of a 45,000-job gain, highlighting concerns over a weakening labor market. Small businesses were particularly affected, while large firms saw growth; the report also noted a slowdown in pay gains for job-changers amidst a backdrop of cautious hiring.

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