Jobs
US Companies Add Fewest Number of Jobs Since 2021, ADP Data Show
- Private payrolls rose 99,000 in August after 111,000 July gain
- Wage growth was flat for both job changers and stayers
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US companies added the fewest jobs last month since the start of 2021, adding to evidence that the labor market is shifting into a lower gear.
Private payrolls increased 99,000 in August and the prior month’s gain was revised lower, according to the ADP Research Institute in collaboration with Stanford Digital Economy Lab. The latest figure was below all estimates in a Bloomberg survey of economists.