Jobs
US Firms Added 89,000 Jobs, Fewest Since Early 2021 in ADP Data
- Increase in private employment was weaker than all estimates
- Annual pay growth for workers continued to ease in September
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US companies added the fewest number of jobs since the start of 2021 in September and pay growth slowed, pointing to a weakening in labor demand in several industries.
Private payrolls rose 89,000 last month after climbing 180,000 in August, according to figures published Wednesday by the ADP Research Institute in collaboration with Stanford Digital Economy Lab.