Private sector job growth fell well below expectations: ADP ...Middle East

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Private sector job growth fell well below expectations: ADP
A key employment measurement for the U.S. economy came in well below expectations for September, indicating some labor market weakness amid other signs of strength. The U.S. economy added 89,000 private-sector jobs in September, according to payroll firm ADP. Economists polled by Dow Jones were expecting nearly double that amount at 160,000 jobs. Numbers for August were revised up to 180,000 jobs added to the economy. “We are seeing a steepening decline in jobs this month,” Nela Richardson, chief economist for ADP, said in a statement. “Additionally, we are seeing a steady decline in wages in the past 12 months.” Leisure and hospitality jobs drove the gains in September, addin

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