As evidence of weakness in the overall labor market, jobs in the private sector fell by 8,000 over September with medium and large businesses especially hard hit — reporting losses of 30,000 and 6,000, respectively.
The aggregate losses were propelled by the goods-producing sector, which suffered its 22nd consecutive monthly decline with a loss of 72,000 jobs, and the manufacturing sector, which has reported 25 consecutive down months, posting a loss of 48,000 jobs, according to the ADP National Employment Report.
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