According to The Kobeissi Letter, US private payrolls declined by 9,000 in September when excluding leisure, hospitality, education, and healthcare, even as total private payrolls rose by 97,000, indicating hiring concentration in those service categories, source: The Kobeissi Letter. This also marks the fifth consecutive decline on that ex-sector basis, which The Kobeissi Letter describes as a weakening beneath the surface of the job market, source: The Kobeissi Letter.