Job growth dips sharply as labor market cools ...Middle East

The Hill - Technology
Job growth dips sharply as labor market cools
source : The Hill ( Middle East ) () 39
Job growth in the private sector slowed sharply in August, coming in below economists’ expectations and hinting at a cooling labor market. The private sector added only 177,000 jobs in August, according to the latest ADP National Employment report released on Wednesday. This marks a significant drop from July’s numbers, which ADP revised upward to 371,000.  Economists surveyed by Reuters had anticipated a 195,000 increase in private employment, while those polled by Dow Jones had forecast a 200,000 increase, according to CNBC. “This month's numbers are consistent with the pace of job creation before the pandemic,” Nela Richardson, the chief economist with ADP, said in a statement

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