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U.S. private payrolls rise by 177,000 in August - ADP

Published Aug 30, 2023 08:25AM ET
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© Reuters.

Investing.com -- U.S. private payrolls rose by less than expected in August, in the latest sign of a slowdown in the U.S. labor market that could bolster the case for the Federal Reserve to leave interest rates steady at its next policy meeting.

The ADP National Employment report on Wednesday showed that private payrolls increased by 177,000 jobs during the month, after a downwardly revised 312,000 in July. Economists had called for 195,000.

Job stayers saw a year-over-year pay bump of 5.9%, the report said, the slowest growth since October 2021. For the first time, all 50 states and Washington, D.C. experienced an easing in pay gains.

“This month's numbers are consistent with the pace of job creation before the pandemic," said Nela Richardson, chief economist at ADP, in a statement. “After two years of exceptional gains tied to the recovery, we're moving toward more sustainable growth in pay and employment as the economic effects of the pandemic recede.”

U.S. private payrolls rise by 177,000 in August - ADP
 

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Comments (16)
NK Dole
NK Dole Aug 30, 2023 10:39AM ET
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The last 6 (if I remember correctly) jobs reports have been revised down.
Brad Albright
Brad Albright Aug 30, 2023 10:39AM ET
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Last 3. But still, probably a conspiracy.
Steven ML
Steven ML Aug 30, 2023 10:39AM ET
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6 was revised to 3?
NK Dole
NK Dole Aug 30, 2023 10:39AM ET
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Brad Albright  Thanks for the correction.... I wasn't sure and I had heard it on the radio the other day.
Chris Miller
Chris Miller Aug 30, 2023 10:21AM ET
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written in a way to trick trading algorithms
Brad Albright
Brad Albright Aug 30, 2023 10:07AM ET
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Investing.com, when you make a mistake then quietly correct it without comment, you give credence to the criticism that questions your honesty. Look at how other professional news organizations do it: corrections are acknowledged and explained on the article.
Mark Jannetty
Mark Jannetty Aug 30, 2023 10:07AM ET
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you are failing at your job half bright
Casador Del Oso
Casador Del Oso Aug 30, 2023 9:37AM ET
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Great wordsmithing. Payrolls still rising yet the message is that the economy has slowed enough to end interest rate hikes.
Aug 30, 2023 9:09AM ET
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Thefedsfiguresarehighlymanipulatedbywhoeverhappenstobeinthewhitehouse
Conrad Conrad
Conrad Conrad Aug 30, 2023 9:09AM ET
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You forgot .com at the end.
Brad Albright
Brad Albright Aug 30, 2023 8:54AM ET
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"down from an upwardly revised jump of 371,000 in July. " What? This appears to be in error -- not consistent with the data reported in this site.
Kabi Malla
Kabi Malla Aug 30, 2023 8:54AM ET
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yup they hit publish with initial wrong number...goes to show how truthful they are..lol
Brad Albright
Brad Albright Aug 30, 2023 8:54AM ET
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Well, not careful, certainly.
Jeff Chevalier
Jeff Chevalier Aug 30, 2023 8:52AM ET
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Did anyone get a 5.9‰ raise?
Kabi Malla
Kabi Malla Aug 30, 2023 8:52AM ET
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19.2%
Andrey Sheykin
Andrey Sheykin Aug 30, 2023 8:52AM ET
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I had 14% rise in Russia
Kabi Malla
Kabi Malla Aug 30, 2023 8:52AM ET
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I am in Ukraine 💀.
Hansen Tan
Hansen Tan Aug 30, 2023 8:52AM ET
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Lol
Kabi Malla
Kabi Malla Aug 30, 2023 8:50AM ET
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lol...previous 371k figure has been re - revised to 312k already. this article is off.
Kabi Malla
Kabi Malla Aug 30, 2023 8:49AM ET
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lol...previous 371k figure has been re-revised. now 312k.
Taylor Huddlestun
Taylor Huddlestun Aug 30, 2023 8:49AM ET
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Another data point manipulated by statisticians to show exactly what MMs need to pump the markets after falling for 3 weeks
Brad Albright
Brad Albright Aug 30, 2023 8:49AM ET
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Baseless paranoia.
Jake Vee
Jake Vee Aug 30, 2023 8:49AM ET
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Yet you even acknowledge above that it’s been revised. Some of us I just turned the corner and realized that the government is malevolent and cobstantly lies brad.
me ish
me ish Aug 30, 2023 8:49AM ET
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Brad Albright  funny - CDC just admitted two days ago and published in major news outlets that the vast majority of Covid deaths were folk who died with the thing and not beCause of the thing - that's a major shift!!! the stats are always being manipulated - that's deep state propaganda for you - always been the way - no ConspirtaCy and no paranoia - just plain faCt of life
Brad Albright
Brad Albright Aug 30, 2023 8:49AM ET
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Only paranoid nuts would see efforts to revise data to make it more accurate as proof that the "government" cannot be trusted. It is precisely these refinements (up and down, BTW) that substantiate the legitimacy of the information.
 
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