Wednesday, October 5, 2016

US businesses add fewest jobs in 5 months

U.S. businesses added 154,000 jobs in September, the slowest pace of hiring since April, a private survey found.

Payroll processor ADP said Wednesday that manufacturers cut jobs for the eighth straight month and professional and business services, which includes high-paying jobs such as accountants and engineers, added the fewest jobs in five months.

Mark Zandi, chief economist for Moody's Analytics, which helps compile the ADP figures, says the slowdown has occurred mostly because the unemployment rate is low and employers have fewer people out of work to choose from.. . . more

No comments: