Weaker-Than-Expected August Job Growth Reported—Labor Market Officially At Pre-Pandemic Levels

August 30, 2023

in Markets

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Topline

Private employers in the U.S. added far fewer jobs than expected this month, according to an ADP report released Wednesday morning, as the resilient labor market begins showing cracks.

Key Facts

Private payrolls swelled by 177,000 in August, well below the consensus economic estimate of 200,000, according to FactSet data.

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Weaker-Than-Expected August Job Growth Reported—Labor Market Officially At Pre-Pandemic Levels

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Weaker-Than-Expected August Job Growth Reported—Labor Market Officially At Pre-Pandemic Levels

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