US Private Sector Employment Growth Slows in August
TL;DR
U.S. private sector job growth slowed significantly in August, with only 54,000 new jobs added, below expectations and a sharp decline from the previous month, raising concerns about the labor market and influencing expectations for a Federal Reserve rate cut.
- Labor market growth slows dramatically in August with U.S. adding just 54,000 jobs, ADP says CNBC
- ADP National Employment Report: Private Sector Employment Increased by 54,000 Jobs in August; Annual Pay was Up 4.4% PR Newswire
- US hiring slows as jobs market loses momentum; UK construction in longest slump since 2020 – business live The Guardian
- ADP Report Shows Hiring Slowed in August The Wall Street Journal
- U.S. private sector employment continues softening, slightly more than expected, in August Seeking Alpha
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