Afford Anything · Saturday, September 5, 2026
The US jobs report from the Bureau of Labor Statistics (BLS) presented an optimistic outlook, while the ADP report indicated a slower pace of hiring. The BLS reported that job gains tripled expectations, whereas ADP showed an increase of only 38,000 private sector jobs.
“So we're getting a lot of optimism from the BLS data and we're getting some cautious slowdown from the ADP data.”
“That's what we're seeing here is a slightly conflicting narrative.”
“ADP would urge a little bit of caution, still optimistic but cautiously optimistic. And BLS would be very optimistic.”