The data “has highlighted a downshift in the labor market recovery,” ADP chief economist Nela Richardson said.
AFP
September 01, 2021 / 06:20 PM IST
Source: Reuters
American firms hired just 374,000 more workers in August, according to payroll services firm ADP, a slight increase over July but far less than economists had expected.
The data “has highlighted a downshift in the labor market recovery,” ADP chief economist Nela Richardson said.
“We have seen a decline in new hires, following significant job growth from the first half of the year.”
US private firms add just 374,000 jobs in August, ADP data shows
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