U.S. Private Sector Shed Most Jobs In Two Years Last Month
Forbes·2025-10-01 21:55
ToplineEmployment in the U.S. private sector declined at a faster rate than expected in August, according to a report released Wednesday by the private payroll processing firm ADP, signaling further cooling of the job market. Employers have become more cautious with hiring, despite earlier strong economic growth, economists said.Copyright 2023 The Associated Press. All rights reserved.Key FactsPrivate-sector payrolls decreased by 32,000 in September, ADP reported, well below a Dow Jones consensus for an add ...