US Private Sector Adds 54,000 Jobs in August, Below Expectations
TL;DR Summary
US private-sector employment increased by 54,000 in August, less than expected, indicating a cooling labor market. Wage growth remained steady, and job gains were led by leisure and hospitality sectors, while other sectors shed jobs. The data suggests the Federal Reserve may lower interest rates later this month amid signs of economic slowdown.
- US Firms Add 54,000 Jobs in ADP Data, Less Than Forecast Bloomberg.com
- Labor market growth slows dramatically in August with U.S. adding just 54,000 jobs, ADP says CNBC
- US private payrolls miss expectations in August Yahoo Finance
- Private sector added 54,000 jobs in August, below expectations, ADP says Fox Business
- ADP National Employment Report: Private Sector Employment Increased by 54,000 Jobs in August; Annual Pay was Up 4.4% PR Newswire
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