The closure didn’t imply a job report. The next would have mentioned concerning the financial system

HR brokers will speak to job seekers on the internship of Appalachian State University and the job fair in Boone, North Carolina, USA on Wednesday, October 1, 2025.

Allison Joyce | Bloomberg | Getty pictures

If it only looks like the first Friday of the month is not the same without being able to pores through the monthly job report from Bureau of Labor Statistics. You probably didn’t miss much.

While the BLS became dark with the closure in Washington, other reports outside the government data indicate that the labor market was just announced in September.

The forecast of the Dow Jones Consensus was for the growth of 51,000 salary statements of 51,000, with the unemployment rate kept stable at 4.3%.

High frequency data that includes job advertisements, private salary statements and state-by-state numbers for initial unemployment claims, show that employment growth is still anemic, the labor market, overall the labor market, is not briefly not.

“We are fighting with the army that we have at moments when it is crucial that we find out whether the economy is in a moment of transition,” said Austan Goolsbee, President of the Chicago Federal Reserve, on Friday in a CNBC interview. “We have that, and so far it continues to point to a fairly stable job market.”

The Chicago Fed is one of these organizations that want to make themselves available to BLS data before closing this week.

Although the timing was accidental, the Central Bank district presented its own dashboard in September with data measurement of the most important labor market metrics, including unemployment, the setting rate and the obligation to dismiss.

Conclusion: The unemployment rate kept flat at 4.3%, although one or two points would have pushed one or two points to 4.4% – the highest since October 2021, but still low after historical standards.

Other non -governmental data showed similar trends: the overall conditions are softer, whereby the availability of workplaces gradually shrank.

However, employers still hesitate to separate from the employees if they pursue the lessons of the Covid pandemic lessons in the early stages of the monumental task of refilling these jobs. At one point numerous positions about the available workers by more than 2 to 1.

“Many of the new market participants on the market, young employees, youngest graduates, people who are already unemployed [are] It is difficult to come onto the market, “said Cory Stahne, Senior Economist at Jobs postings SITE, which even offers a comprehensive menu of labor market data.” Regardless of the unemployment rate it is, the people who take longer to find jobs are a sign of some economic burdens for some households. “

Signs of imbalances

In fact, the extent to the job advertisement shows a decline of around 8.9% compared to the previous year from September 26, a sharper waste than the 5.5% in BLS data that is only carried out until August.

Wider trends indicate an uneven job market, whereby professions such as health care continue to thrive while other areas are delaying, said Stahne.

“Overall, things look pretty good, but many of these jobs, many of these postings and attitudes, come from health care, and it is therefore difficult to say that the labor market compensates in full if it does not offer any same opportunities in different professions,” he said.

BLS Data has also shown a rather large inclination of the openings for professions in connection with health care, whereby business and professional services followed the next time from leisure and hospitality. The government had been a leader, but has withdrawn since President Donald Trump began his term in January with an vow to reduce the federal salary statement.

“At the moment there is a good time to be a nurse, not so well in time as a software developer,” added Stahle. “This bifurcation of the labor market is also an important thing, not just the overall record and a total number.”

Other indicators draw a similar picture, although ADP’s private salary statement for September showed a decrease of 32,000 jobs and a loss of 3,000 in August. ADP was occasionally slandered to ensure that they are incongruent with BLS data. However, the company’s reports will find more precisely looking for a slowdown in the labor market before the BLS marks its own counts in order to also show a weak attitude image.

It was not only the monthly non -birg salary account account that had disappeared due to the switch -off: the Ministry of Labor also did not publish its weekly record of initial unemployment claims.

Goldman Sachs saved himself for this metric and found that data at the state level that was submitted to national total of 224,000 eswas higher than in the previous week, but largely with the trends throughout the year.

Other measures

Apart from simple processing or salary account number, output data can also be a useful indirect display.

Bank of America’s credit and debit card tracking showed expenditure for a steady increase in September. The total ticket editions compared to a previous year rose by 2.2% a week until September 27th.

“Despite the soft work data, the growth of the output remains solid. We will continue to monitor this dichotomy,” said the Bofa economist Shruti Mishra in a customer letter.

Similarly, the Small Business Index from Fiserv showed 2.3%in September, which has reflected the same pace in the past three months.

However, other small company indicators show weakness.

“At the moment we see that there are many companies that have vacancies. Unfortunately, very few are filled,” said Bill Dunkelberg, chief economist at the National Federation of Independent Business, to CNBC on Friday. “Plans to fill them are always very optimistic, but when the dust is clear, very few jobs are actually created.”