The private sector lost a whopping 32,000 jobs in September, the payroll company ADP said on Wednesday, as President Donald Trump's idiotic tariffs have cut into business' profit margins and led to layoffs all across the country.
"Despite the strong economic growth we saw in the second quarter, this month's release further validates what we've been seeing in the labor market, that U.S. employers have been cautious with hiring," ADP Chief Economist Nela Richardson said in a news release.
The decline in jobs was a shock. Economists expected the ADP report to show a net increase of 52,000 jobs.
ADP also revised the August jobs number down, saying that the private sector lost 3,000 jobs that month. Ultimately, that means the private sector has lost jobs in three out of the last four months,