U.S. ADP employment rose by 38,000 in August, marking the smallest increase since January and missing market expectations of 48,000. The weaker-than-expected payroll reading signals a slower pace of hiring in the latest monthly labor data.
The August figure was reported on September 2 and came in 10,000 below forecasts.
U.S. ADP August Job Growth Misses Expectations at 38,000
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