U.S. Private Sector Adds 135,000 Jobs in September
Wednesday, 2 October 2019 19:29 WIB |
ECONOMY |Ekonomi AS
U.S. private sector hiring slowed more than expected in September a report by a payrolls processor ADP showed Wednesday.
Private sector payrolls increased by 135,000, vs 140,000 forecast, prior month revised down to 157,000 from 195,000.
Data a day earlier pointing to a shock drop in U.S. factory activity last month fueled concerns that a slowdown in the manufacturing sector could spread to the broader economy.
The Labor Department's more comprehensive nonfarm payrolls report on Friday is expected to show jobs growth of 145,000 last month, while the unemployment rate is expected to hold steady at 3.7%.
Source : Investing.com
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