The private sector added just 89,000 jobs last month, far below expectations
US employers in the private sector added an estimated 89,000 jobs in September, a much lower total than expected and an indication of a sharp pullback in the labor market, payroll processor ADP reported Wednesday.
2023-10-04 20:57
The Fed cares a lot about jobs data — but it may be getting mixed signals
According to private payroll processor ADP, US employers hired 455,000 new workers in June. Meanwhile, in its monthly tally, the Bureau of Labor Statistics said 105,000 new workers were hired. But for August, the two arrived at similar estimates — ADP reported on Wednesday that 177,000 new workers were added last month, and on Friday the BLS reported 187,000 new hires.
2023-09-04 20:54