ADP: Private Sector Job Creation Slows for Fifth Consecutive Month
ADP(ADP) PYMNTS.com·2024-09-05 22:35
The labor market continued to cool in August, with job creation among private employers slowing for the fifth consecutive month and wage growth remaining flat.So said human resources (HR) and payroll solution provider ADP in the August ADP National Employment Report released Thursday (Sept. 5).“The job market’s downward drift brought us to slower-than-normal hiring after two years of outsized growth,” ADP Chief Economist Nela Richardson said in the report. “The next indicator to watch is wage growth, which ...