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ADP data shows some cooling in labor market in August

Por: MarketWatch Politics August 30, 2023

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The July total of jobs added was revised from 324,000. Key details: The slowdown in job growth was driven by leisure and hospitality. Job creation in hotels and restaurants fell to 30,000 in August. Service producing jobs rose by 154,000 jobs. The goods sectors added 154,000 jobs. Large firms added the most workers in August. Small firms only added 18,000 jobs. Wages for people who stayed in their jobs rose 5.9% over the past 12 months, the... + full article



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