U.S. private employers boosted hiring in August, suggesting the economy continue...
WASHINGTON - U.S. private employers boosted hiring in August, suggesting the economy continued to grow at a moderate pace despite trade tensions which have stoked financial market fears of a recession.
That is expected to prompt the Federal Reserve to cut interest rates again this month. The U.S. central bank lowered borrowing costs in July, citing growing risks to the economy from the trade fight and slowing global growth. The ADP National Employment Report showed private payrolls increased by 195,000 jobs in August after rising by 142,000 in July. The ADP report, which is jointly developed with Moody’s Analytics, came ahead of the release of the government’s more comprehensive employment report on Friday.
But the pace of employment gains remains well above the roughly 100,000 jobs needed per month to keep up with growth in the working-age population. The unemployment rate is expected to have held at 3.7% in August for a third straight month.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
These Are Our Favorite New Beauty Products of August 2019Including a vitamin C serum and a glittery shadow stick.
Consulte Mais informação »
Best of Criterion’s New Releases, August 2019Another Jane Campion masterpiece and Abbas Kiarostami's essential Koker trilogy in our recap of the best criterion releases from August
Consulte Mais informação »
Asian shares posted big losses in August on trade jitters, recession fearsAsian shares posted their biggest drop in three months in August, as escalating ...
Consulte Mais informação »
Border Patrol arrests continue to drop in August with approximately 51,000 migrants arrestedPreliminary data indicates that US Border Patrol arrested around 51,000 people on the US-Mexico border in August, according to a Border Patrol source familiar with the data.
Consulte Mais informação »