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Home›Bonds & Rates›Economy›ADP shows private payrolls rise slows in August

ADP shows private payrolls rise slows in August

Private payroll growth of 38,000 was the smallest increase since January, pointing to a broader labor market slowdown.

Reported · Written up by our desk · Economy

CNBC reports that ADP found U.S. private payrolls rose by 38,000 in August, but the increase came in below expectations.

The outlet said August marked the smallest gain since January, even though job creation remained positive.

The ADP data was described as reflecting a broader slowdown in the labor market.

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Sources

CNBC MarketsPrivate payrolls rose by 38,000 in August, less than expected, ADP reports
CNBC EconomyPrivate payrolls rose by 38,000 in August, less than expected, ADP reports
CNBC EconomyPrivate payrolls rose by 38,000 in August, less than expected, ADP reports

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