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- U.S. private employers add 135,000 jobs in September - ADP
U.S. private employers add 135,000 jobs in September - ADP
Economists had
expected a gain of 140,000.
The increase
for August was revised sharply down to 157,000 from the originally reported 195,000.
“The job market
has shown signs of a slowdown,” noted Ahu Yildirmaz, vice president and co-head
of the ADP Research Institute. “The average monthly job growth for the past
three months is 145,000, down from 214,000 for the same time period last year.”
Meanwhile, Mark
Zandi, chief economist of Moody’s Analytics, said, “Businesses have turned more
cautious in their hiring. Small businesses have become especially hesitant. If
businesses pull back any further, unemployment will begin to rise.”
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