The US private sector continue to hire new employees in September, but the pace has slowed amid recent months as the economy headed towards full employment. The private companies outside agriculture added 154,000 new jobs, but the economists has expected new jobs to amount 173,000.
Since the opening of new positions is historic highs, and cuts – at historically low levels, the labor market remains stable. Growth in employment returns to moderate pace in recent months, but only because the economy finally returns to full employment.
Almost all the new jobs are in services, where reached 151,000 jobs. Only in manufacturing layoffs of 6,000 positions.
Employment growth in August, which according to initial data amounted to 177,000 jobs was revised down slightly to 175,000 new positions. The ADP report is based on data from private companies that are lagging behind slightly on government data.
On Friday, investors will monitor the data from the Labor Department on US employment in September.
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