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ADP: US Private Sector Employment Increased by 163,000 Jobs in August
Private sector employment increased by 163,000 jobs from July to August according to the August ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. “Although we saw a small slowdown in job growth the market remains incredibly dynamic,” said Ahu Yildirmaz, vice president and co-head of the ... (full story)
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Private payrolls add 163K in Aug vs 190K est: ADP and Moody's Analytics
Private payroll growth in August slowed to its weakest level since October as the U.S. economy continued to move toward full employment, ADP and Moody's Analytics reported Thursday. Companies added 163,000 jobs for the month, a considerable slowdown from the 217,000 added in July and well below what had been an average of 206,000 a month. Economists surveyed by Reuters had been expecting 190,000 new hires. August saw a sharp decline in small business hiring that held down the headline number. Still, officials involved with compiling the report said the jobs market remains strong. "Although we saw a small ... (full story)
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