(CercleFinance.com) – The non-agricultural private sector in the United States generated only 132,000 jobs in August according to the ADP firm, a number significantly lower than the consensus of economists, after the 270,000 creations recorded the previous month.
“Our data suggests a recent shift to a more cautious pace of hiring, perhaps as companies try to decipher mixed signals from the economy,” said Nela Richardson, chief economist at ADP.
As a reminder, ADP Research Institute suspended the publication of its monthly report this summer to implement a calculation methodology providing a more robust and high-frequency view of the labor market.
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