Nonfarm Payrolls Fall Short of Expectations
ADP(ADP) ZACKS·2024-09-06 23:41
This morning, the long-awaited Employment Situation report of non-farm payrolls from the U.S. Bureau of Labor Statistics (BLS) is out, with numbers perhaps stronger than the “whisper number” on Wall Street, but nevertheless weakening over the course of the year. Headline +142K was lower than the consensus +160K expected, but notably higher than the +99K from the ADP (ADP) private-sector August payrolls yesterday. The Unemployment Rate ticked down to +4.2%, as expected.Monthly Jobs Revisions -86K Over Last 2 ...