Moody's Chief Economist Says Not Having BLS Data Is 'A Serious Problem,' But Cites Private Data To Warn That Job Market Is 'Sputtering'

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Moody’s Analytics Chief Economist Mark Zandi declared the U.S. job market is “weak and getting weaker,” delivering his warning after piecing together an analysis from private-sector data. The ...

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href=https://www.benzinga.com/markets/economic-data/25/10/48039060/moodys-chief-economist-says-not-having-bls-data-is-a-serious-problem-but-cites-private-data-to-warn-that-job-market-is-sputtering><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Moody’s Analytics Chief Economist Mark Zandi declared the U.S. job market is “weak and getting weaker,” delivering his warning after piecing together an analysis from private-sector data.\nThe ...</p>\n\n<a href=\"https://www.benzinga.com/markets/economic-data/25/10/48039060/moodys-chief-economist-says-not-having-bls-data-is-a-serious-problem-but-cites-private-data-to-warn-that-job-market-is-sputtering\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_ES","symbol_name":"SP500指数","start_time":0,"source_url":"https://www.benzinga.com/markets/economic-data/25/10/48039060/moodys-chief-economist-says-not-having-bls-data-is-a-serious-problem-but-cites-private-data-to-warn-that-job-market-is-sputtering","article_id":"2573672644","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/10/06/Stuttgart--Germany---09-21-2023-Mobile-P.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/markets/economic-data/25/10/48039060/moodys-chief-economist-says-not-having-bls-data-is-a-serious-problem-but-cites-private-data-to-warn-that-job-market-is-sputtering","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2573672644","pubTimestamp":1759752600,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Moody's Mark Zandi warns of a weakening job market, citing private data showing minimal growth and negative impacts on smaller companies.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SSO":"两倍做多标普500ETF","OEF":"标普100指数ETF-iShares","IVV":"标普500指数ETF","BK4548":"巴美列捷福持仓","BK4561":"索罗斯持仓","BK4581":"高盛持仓","SH":"标普500反向ETF","OEX":"标普100","LU0426417589.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU0426412945.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) ACC","VOO":"Vanguard标普500ETF","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","UPRO":"三倍做多标普500ETF","LU1121112475.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USDHDG) ACC","LU1043141396.HKD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (HKD) ACC","SPY":"标普500ETF","SPXU":"三倍做空标普500ETF","BK4504":"桥水持仓","SDS":"两倍做空标普500ETF","BK4559":"巴菲特持仓","MCO":"穆迪","LU1043141123.HKD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (HKD) 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gravity of the data blackout. “There is no more important economic data, particularly now, when the job market is sputtering and the Federal Reserve is a few weeks from another meeting,” he wrote.\nThe lack of an official benchmark complicates the Fed’s ability to make informed decisions on interest rates. Zandi stated bluntly, “The bottom line is that not having the BLS jobs data is a serious problem for assessing the health of the economy and making good policy decisions.”\nIn place of the government report, Zandi turned to several alternative sources that he said were “admirably filling the information gap.”\nHe cited data from workforce analytics firm Revelio Labs, which indicated a modest 60,000 job gain, and payroll processor ADP, which showed an even smaller increase of 32,000 private jobs.\nBy combining these sources, Zandi painted a stark picture. “Averaging the Revelio and ADP employment estimates for September suggests that there was essentially no job growth during the month,” he explained.\nSee Also: Shutdown Blocks Jobs Data: Will The Fed Cut Rates In The Dark?\nZandi further noted that other indicators support this view, including The Conference Board’s consumer survey, which shows it is becoming harder to get a job.\nHe also pointed out that the minimal job growth was concentrated in large healthcare companies. “Smaller companies are getting hit hardest by the tariffs and restrictive immigration policies,” he observed.\nUltimately, despite the limitations of the available data, Zandi’s conclusion was clear: “This data shows that the job market is weak and getting weaker.”\nThe SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, rose in premarket on Monday. The SPY was up 0.32% at $671.38, while the QQQ advanced 0.61% to $606.83, according to Benzinga Pro data.\nRead Next:\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nImage Via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"economic","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}