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ADP: U.S. private payroll growth slows to 38,000 in August

ADP’s National Employment Report showed U.S. private employment rose by 38,000 jobs in August, after an upwardly revised 46,000 in July. Reuters economists had forecast 48,000.

U.S. private payrolls increased moderately in August, the ADP National Employment Report showed on Wednesday.Private employment rose by 38,000 jobs last month after an upwardly revised 46,000 in July.

Economists polled had forecast private employment would advance by 48,000 after a previ…