How to make the most of your cash in a rate-cutting world.

And the no-fire, no-hire job market.

All that and more on the Saturday personal finance edition of Motley Full Money.

I'm Robert Brokamp, but this week I speak with Motley Full Money Managing Director

Brendan Burns about his tips for finding the best savings accounts, CDs, and credit cards

as the Federal Reserve begins lowering interest rates.

But first, let's talk about what happened last week in money.

A Wednesday, payroll processing firm ADP announced that private payroll shrank by a seasonally adjusted 32,000 in September, the biggest monthly drop since March of 2023, and a surprise versus economist's expectations for a 45,000 gain.

August was also sharply revised down from a previous reported 54,000 gain to 3,000 loss, reinforcing other evidence

that the job market is slowing down.

Despite the weakness in the job market, the unemployment rate is still low at 4.3%.

This could be happening because the supply of workers is shrinking due to people leaving the

workforce and lower immigration, and layoffs are also still low,

although that is little solace to the people who do get let go.

Experts are calling this a low-fire, low-hire job market.

Companies are mostly keeping the workers they have, but not expanding their payrolls.

As Nicole Bischoe, the labor economist ZipRecruiter said in a recent interview with

the street.com, quote, we're seeing employers pulling back on hiring, slowing down growth in order

to cut costs as they're seeing tariffs eat into their bottom lines more and more, and trying to

figure out how the changes to all these different policies and macroeconomic conditions are going

to continue to impact their business moving forward.

End of quote.

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