US Private Hiring Slows a Second Straight Week to 16,750 Average
As seen on the 24/7 Wall St. homepage on October 27, 2026.
A second straight week of slowing private hiring lands days before a Fed decision economists expect to be a hold, giving rate-cut bulls fresh ammunition.
JUST IN: US private hiring slows for 2nd week to 16,750 average
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Private sector hiring has pulled back for two consecutive weeks, with the rolling average settling at 16,750. Back-to-back deceleration carries more weight than a single soft reading in the labor market data.
A Fed decision is days away, and economists broadly expect the central bank to hold rates steady. Softening hiring data gives rate-cut advocates a fresh data point for arguing the labor market is cooling enough to warrant easier policy sooner.
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For investors in fixed income and rate-sensitive equities, the question shifts from whether the Fed holds this meeting to how much runway this data creates for a cut at the next one. Two weeks of slowing private hiring adds to the mosaic policymakers are assembling ahead of future decisions.
Keep an eye on the next weekly hiring reading. A third consecutive week of deceleration shifts the narrative around the Fed's policy path before year-end.