Thu
Sep 4 2025
10:28 am
By: bizgrrl
U.S. private sector hiring rose less than expected in August...
Private payrolls increased by just 54,000 in August, according to data from processing firm ADP published Thursday morning.
The Job Openings and Labor Turnover Survey registered one of its worst levels for job openings in July since 2020, according to government figures released Wednesday.
Layoffs surged nearly 40 percent last month, with employers eliminating 85,979 positions — the largest August hit since the height of the COVID-19 pandemic in 2020, according to research released Thursday
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U.S. job growth weakened
U.S. job growth weakened sharply in August while the unemployment rate increased to 4.3%... (from 4.2% in July)
Nonfarm payrolls increased by only 22,000 jobs last month
How is this so different than the ADP report that said, "Private payrolls increased by just 54,000 in August"?
They are saying this data seals "the case for an interest rate cut from the Federal Reserve this month." Intentional to get a rate cut? It's not like we can believe any data coming from the federal.