In lieu of government data, investment firm Carlyle reports subdued US hiring

Carlyle Group released its own measure of US economic data on Tuesday, including a sharply lower estimate for September jobs growth despite rising economic output, to a market left wanting official releases because of the government shutdown. The global investment firm estimated that US employers added just 17,000 jobs last month, far below the 54,000 expected in the nonfarm payrolls report, which had been scheduled for release last week. The firm's internal indicators showed GDP growth running at a 2.7% annualised pace in September, a 3.8% drop in energy prices, and a 3.3% increase in prices for services, excluding shelter. "If you look solely at implied payroll employment growth, you'd think this was an economy on the cusp of recession...