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- U.S. private employers add 195,000 jobs in August - ADP
U.S. private employers add 195,000 jobs in August - ADP
The employment
report prepared by Automatic Data Processing Inc. (ADP) and Moody's Analytics
showed on Thursday the U.S. private employers added 195,000 jobs in August. That
was the biggest increase since April.
Economists had
expected a gain of 149,000.
The increase
for July was revised down to 142,000 from the originally reported 156,000.
“In August we
saw a rebound in private-sector employment,” said Ahu Yildirmaz, vice president
and cohead of the ADP Research Institute. “This is the first time in the last
12 months that we have seen balanced job growth across small, medium and
large-sized companies.”
Meanwhile, Mark
Zandi, chief economist of Moody’s Analytics, said, “Businesses are holding firm
on their payrolls despite the slowing economy. Hiring has moderated, but
layoffs remain low. As long as this continues recession will remain at bay.”
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