September's Job Destruction Did Little Harm to Wages, ADP Says -- Market Talk

Dow Jones

10/01

0844 ET - Pay growth was steady in September among U.S. private sector workers, despite the reduction of 32,000 jobs, ADP reports. The firm says year-over-year pay growth for job-stayers was little changed at 4.5%. Pay gains for people changing jobs slowed to 6.6% from 7.1%, led by leisure and hospitality and financial activities, the firm says, adding that job creation continued to lose momentum across most sectors. (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

October 01, 2025 08:44 ET (12:44 GMT)

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The firm says year-over-year pay growth for job-stayers was little changed at 4.5%. Pay gains for people changing jobs slowed to 6.6% from 7.1%, led by leisure and hospitality and financial activities, the firm says, adding that job creation continued to lose momentum across most sectors. 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