September 2, 2020

US adds 428,000 private jobs in August, below expectations: ADP

Washington (AFP) – The US private sector created 428,000 new jobs in August, payroll services firm ADP said on Wednesday, far less than analysts expected as the economy attempts to rebound from Covid-19.Large businesses with more than 1,000 employees made up more than half of the gains, and the bulk of the new jobs were in services firms, which were hard-hit by shutdowns to stop the virus’s spread.Manufacturing added just 9,000 jobs last month and has recouped less than half the positions lost in March and April when the pandemic struck.”Job gains are minimal, and businesses across all sizes a…


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