Skip to Content Facebook Feature Image

U.S. private sector sheds most jobs since March 2023 in September: data

China

China

China

U.S. private sector sheds most jobs since March 2023 in September: data

2025-10-02 16:36 Last Updated At:22:57

U.S. private-sector employers cut 32,000 jobs in September, the Automatic Data Processing, Inc. (ADP) said in its monthly report on Wednesday, falling far short of market expectations for an increase of approximately 50,000 jobs.

Last month's job cuts by American companies marked the largest private payroll decrease since March 2023.

The U.S. Department of Labor, which had originally scheduled the release of its September nonfarm payrolls report for October 3, has suspend all operations due to interrupted funding amid the federal government shutdown, which began on Wednesday.

Some economic analysts anticipate that if the U.S. labor market continues to show weakness, the Federal Reserve may announce another interest rate cut in October.

U.S. private sector sheds most jobs since March 2023 in September: data

U.S. private sector sheds most jobs since March 2023 in September: data

U.S. private sector sheds most jobs since March 2023 in September: data

U.S. private sector sheds most jobs since March 2023 in September: data

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025

China's aggregate social financing maintains high growth in 2025

Recommended Articles