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US Firms Added 89,000 Jobs, Fewest Since Early 2021 in ADP Data
US companies added the fewest number of jobs since the start of 2021 in September and pay growth slowed, pointing to a weakening in labor demand in several industries. Private payrolls rose 89,000 last month after climbing 180,000 in August, according to figures published Wednesday by the ADP Research Institute in collaboration with Stanford Digital Economy Lab. The figure trailed all estimates in a Bloomberg survey of economists. Leisure and hospitality drove the September gain, offsetting job losses at professional and business services, manufacturing and trade and transportation. Large businesses reduced payrolls. ... (full story)
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- Posted: Oct 4, 2023 12:08pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,114
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