U.S. ADP employment increased by 99,000 in August, less than expected
U.S. ADP employment increased by 99,000 in August, compared to an estimated increase of 144,000, with the previous value revised from an increase of 122,000 to 111,000.U.S. companies added the lowest number of jobs in August since the beginning of 2021, providing further evidence that the labor market is decelerating.
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