ADP just flipped August jobs from +54K to ‑3K — and September lost another 32K. Trump’s ‘resilient growth’ is neither.
August’s job gains were revised from +54,000 to ‑3,000 — a 60K swing into the red.
September piled on- another ‑32,000 jobs, with losses in hospitality, business services, construction & trade. Only health/education grew.
Small biz crushed- ‑40K jobs, while big firms added +33K. Unemployment now 4.3%, the highest since 2021.
Bottom line- Job creation has stalled, small businesses are bleeding, and the economy is flashing early warning signs of contraction — a direct hit to Trump’s “resilient growth” narrative.
