Private-sector payrolls in August expanded at a more modest-than-expected clip, according to an employment survey released Wednesday.
Private payrolls in the U.S. increased by 190,000 jobs last month, said payroll processorAutomatic Data Processing Inc. and forecasting firm Moody’s Analytics. The report is based on data collected from ADP clients in addition to lagged government data.
Economists surveyed by The Wall Street Journal anticipated an increase of 200,000. The July gain was revised down to 177,000 from 185,000.
While the result fell short of expectations, it was broadly in line with recent trends.
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