See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Private sector job growth cools sharply in August to 177,000, worse than expected: ADP

Posted on AllSides August 30th, 2023
From The Right

Hiring by U.S. companies slowed more than expected in August, pointing to a labor market that is starting to cool in the face of higher interest rates, according to the ADP National Employment Report released Wednesday morning.

Companies added 177,000 jobs last month, below the 195,000 gain that economists surveyed by Refinitiv predicted. That is also lower than the upwardly revised 371,000 increase recorded in July. 

It marked the worst month for job creation since March.

Read full story

AllSides Picks

https://www.foxbusiness.com/economy/private-sector-job-growth-cools-sharply-august-worse-expected-adp

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right