Private Payrolls in U.S. Increased by 176,000 in August
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Companies took on 176,000 workers in August, in line with the average over the last two years and a sign that U.S. employers are optimistic about the outlook for demand, a private report based on payrolls showed.
The increase in employment, the smallest in three months, followed a revised 198,000 gain in July, according to data today from the ADP Research Institute in Roseland, New Jersey. The median forecast of 43 economists surveyed by Bloomberg called for an August advance of 184,000. Private payrolls have averaged 179,000 in the last two years, data from ADP show.