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ADP National Employment Report increased by 135,000 jobs in September
Private sector employment increased by 135,000 jobs from August to September according to the September ADP National Employment Report®.
“The job market has shown signs of a slowdown,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “The average monthly job growth for the past three months is 145,000, down from 214,000 for the same time period last year.”
Mark Zandi, chief economist of Moody’s Analytics, said, “Businesses have turned more cautious in their hiring. Small businesses have become especially hesitant. If businesses pull back any further, unemployment will begin to rise.”
Posted: October 2, 2019 Wednesday 08:15 AM