Private payrolls rose by 177,000 jobs last month, the ADP National Employment report showed on Wednesday. Economists polled by Reuters had forecast private employment would increase by 195,000
Data for July was revised higher to show 371,000 jobs added instead of the previously reported 324,000.
The government reported on Tuesday that there were 1.51 job openings for every unemployed person in July, the lowest ratio since September 2021, compared with 1.54 in June. A survey from the Conference Board also showed consumers’ views of the labour market less upbeat in August.
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