Private sector employment growth in the US has slowed for the third consecutive month, with 89,000 new payrolls added in September, down from 177,000 in August and below the expected 153,000, according to Automatic Data Processing Inc. (ADP). This is the slowest pace of monthly employment gains reported by ADP since January 2021. Factors contributing to the slowdown include elevated interest rates, reduced discretionary spending, and concerns about a potential US government shutdown.