25d • Industry News
Labor market growth slows dramatically in August with U.S. adding just 54,000 jobs, ADP says
Key Points
- U.S. private sector hiring rose less than expected in August and significantly cooled from the prior month, according to the ADP.
- Private payrolls increased by just 54,000 in August, well short of the 75,000 estimate from economists polled by Dow Jones and down from the revised gain of 106,000 jobs added in July.
- Thursday’s release adds to an already concerning picture of the labor market.
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Labor market growth slows dramatically in August with U.S. adding just 54,000 jobs, ADP says
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