ADP Report Shows Payrolls at U.S. Employers Cooled in September

Payrolls at companies in the U.S. increased less than forecast in September and the prior month’s gain was revised lower, suggesting a manufacturing recession, a fragile global economic outlook and the lingering trade war with China are gradually impacting hiring decisions.

Private payrolls increased by 135,000 after a revised 157,000 gain in August, according to data out Wednesday by the ADP Research Institute. That was the smallest advance in three months and slightly less than the 140,000 median projection in a Bloomberg survey of economists after a previously reported 195,000 August increase.