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International Business Times
International Business Times
Business

Private Payrolls Rose Less Than Expected In August, Marking The Lowest Pace Since January

Private companies added 38,000 jobs last month, down from 46,000 in July. (Credit: Justin Sullivan/Getty Images)

Private companies added 38,000 jobs last month, down from 46,000 in July and below analysts' expectations of 47,000, according to data from ADP.

ADP noted that the figure represents the slowest pace of job creation since January. "Manufacturing, professional services, and information shed jobs. Education and health care, construction, and leisure and hospitality all showed solid hiring," it detailed.

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