08:30 AM EDT, 10/07/2025 (MT Newswires) -- (Updates with Carlyle statement and additional details throughout.)

Carlyle (CG) said Tuesday it estimates that 17,000 US jobs were created last month, citing its own proprietary estimates.

According to Bloomberg, it was among the weakest results since the start of the pandemic in 2020.

Carlyle also said its numbers show underlying US economic growth at a 2.7% annualized pace in September. The investment firm said it calculated its own estimates using proprietary data it gleaned from its portfolio of 277 companies, 694 real estate investments, and nearly 730,000 employees worldwide.

The US Labor Department did not release a September report because of the government shutdown.

The figures were supposed to show a 54,000 increase in non-farm payrolls, according to a poll cited by Bloomberg.

"If you looked at the employment data, you'd think it's an economy that's on the cusp of or in a recession," Jason Thomas, Carlyle's head of global research and investment management, was quoted as saying by Bloomberg.