Private sector surprises with 195,000 jobs added in August

Posted on AllSides September 5th, 2019
From The Center

The private sector added 195,000 jobs in August, surpassing economists' expectations of 140,000 jobs, according to a report released Thursday by ADP and Moody's Analytics.

Why it matters: The labor market — largely viewed as the steadiest part of the economy — appears to remain intact. The ADP report, which doesn't include government jobs, is viewed as as a tee-up of what's to come from the official jobs release from the Bureau of Labor Statistics on Friday.

What they're saying: "Businesses are holding firm on their payrolls despite the slowing...

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