In October, the ADP employment figures in the United States rebounded more than expected, becoming a key market reference amid the government shutdown.

On Wednesday, the October ADP Employment Report showed a significant rebound in private sector employment in the United States. Private sector employment increased by 42,000 last month, while the September data was revised upwards to a decrease of 29,000. Economists surveyed had previously predicted a rebound of 28,000 in private sector employment, while the initial September report indicated a decrease of 32,000. The ADP report is compiled jointly by ADP and the Stanford Digital Economy Lab. Historically, the monthly data from this report differs from the official employment data released by the Bureau of Labor Statistics (BLS). Despite the record-long government shutdown causing delays in the release of the BLS's highly anticipated employment report, economists emphasize the need to exercise caution when interpreting the ADP report, noting its limitations in methodology. Matthew Martin, Senior US Economist at Oxford Economics, stated, "ADP data only covers private companies that use ADP for payroll services, so its national representativeness is weak. ADP employment data should be seen as a supplement to the BLS survey data, not a replacement." With the government shutdown now in its second month, the September nonfarm employment report, originally scheduled for release on October 3rd, has been postponed. While the report may still be released after the government resumes operations, concerns are growing over whether the BLS will be able to compile the October nonfarm employment report in its entirety due to the halt in data collection. The US October nonfarm employment report, originally set for release on Friday, has been delayed due to the government shutdown. The White House has warned that the October Consumer Price Inflation report may also be delayed for the first time.