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Private sector lost 32,000 jobs in September, ADP says

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2 weeks ago

Companies in the private sector lost 32,000 jobs in June, payroll processing firm ADP said Wednesday.The figure is below economists’ estimates of a gain of 50,000 jobs. The prior month's payrolls number was revised downward to a loss of 3,000 from an initially reported gain of 54,000."Despite the strong economic growth we saw in the second quarter, this month's release further validates what we've been seeing in the labor market, that U.S. employers have been cautious with hiring," said ADP chief economist Nela Richardson.FED PRESIDENT WARNS INFLATION IS 'GOING THE WRONG WAY' AS TARIFF CONCERN...

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2 weeks ago
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