A “now hiring” document is located on the table as recruiters for the Tapperformance company engaging job seekers at the Mega Jobnewsusa South Florida Fair held in the American Bank arena on September 25, 2025 in Sunrise, Florida.
Joe Raedle | Getty images
Employment growth was essentially stable in September, according to data from the Carlyle investment giant that seeks to fill the data gaps created by the government’s closure.
The company said its owner data showed employment growth of only 17,000 compared to the month, which would still be lower than the gain of 22,000 in August reflected in the Office of Labor Statistics data.
The closed BLS and the versions of suspended data until the impasse between the Republicans of the Congress and the Democrats is resolved, the companies of Wall Street rush to provide alternative measures to paint a table of the place where the American economy is heading.
Carlyle’s data is somewhat exposed with other versions showing little job growth.
Last week, the ADP payroll processing company indicated that a loss of 32,000 jobs in the private sector, although this included a reduction resulting from the adjustments in BLS revisions.
The Outplacement Challenger company, Gray & Christmas, also reported last week that, even if the layoffs decreased in September, the level of hiring planned for companies has reached its lowest since 2009, when the economy still felt the impact of the global financial crisis.
Admittedly, while Carlyle data showed anemic payroll gains, other economic indicators have painted a brighter table.
The firm said that the growth of underlying gross interior products was held at 2.7% annualized pace in September while commercial investment accelerated 4.8% over an average annual rate of three months. Carlyle also indicated that energy consumption prices decreased by 3.8% while services excluding Shelter, a key data point from the Federal Reserve, increased by 3.3%.
Carlyle said that she had drawn her data from her “vast global portfolio” which includes 277 companies, 694 real estate investments and 730,000 employees.
Although the company has seen lower employment data, Goldman Sachs recently said that its tracker “underlying employment growth” indicated a gain of 80,000 positions in September. Goldman also indicated that the job market is moving, which means that there are more workers than jobs, at levels not seen in 10 years.
