Job Market Gives Mixed Signals in September Reports

ADP reported 89,000 private-sector jobs added in September, lower than expected. Leisure/hospitality led gains, professional services saw largest declines.

BLS JOLTS report for August showed job openings unexpectedly surged higher, signaling a hot labor market.

Two conflicting reports show labor market can be viewed as cooling down or heating up depending on perspective.

Economists look at multiple labor market indicators to get full picture, not just one report.

BLS monthly jobs report for September out Friday, expected to show 170,000 jobs added.