Economic Buzz: US private-sector employment grows at slowest pace since Jan-26

Private-sector employment in the US increased by 38,000 jobs in August, according to the ADP National Employment Report produced by ADP Research. For all private-sector workers in the United States, base pay rose 3.2% and gross pay was up 4.7% year over year, according to ADP Pay Insights. Private employers posted their slowest pace of job creation since January. Manufacturing, professional services, and information shed jobs. Education and health care, construction, and leisure and hospitality all showed solid hiring.

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