Management services company ADP released data Wednesday morning showing job creation slowed in August. Javier David, Axios managing editor for business and markets and a CBS News contributor, has more on what that means for another possible interest rate hike.
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US ADP's August private payrolls estimate is seen at 195KAnalysts at Rabobank note that markets will have more labor market data from the US to scrutinize. Atlanta Fed's GDPNow stands at a robust 5.9% for Q3
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U.S. job growth slowed sharply to 177,000 in August, below expectations, ADP saysEconomists surveyed by Dow Jones were expecting 200,000 jobs added in August.
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U.S. private payrolls rise by 177,000 in August - ADP By Investing.comU.S. private payrolls rise by 177,000 in August - ADP
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U.S. private sector adds 177,000 jobs in August, ADP saysPrivate payrolls rose by 177,000 in August, down from a revised 371,000 in the prior month, according to the payroll services firm ADP on Wednesday.
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Private sector job growth cools sharply in August to 177,000, worse than expected: ADPHiring by private U.S. companies cooled sharply in August, indicating that the labor market is beginning to soften as a result of higher interest rates.
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Private sector job growth cools sharply in August to 177,000, worse than expected: ADPHiring by U.S. companies slowed more than expected in August, pointing to a labor market that is starting to cool in the face of higher interest ra...
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