US private-sector job growth slows to 38,000 in August
Private-sector job growth rose 38,000 in August after a revised 46,000 increase in July. The August result came below expectations around 47,000, with hiring still firm in education and health care.
August's figure follows a revised 46,000 rise in July, but came in below expectations for a reading around 47,000, pointing to a broader cooling in labour—market conditions.Hiring remained firm in education and health care, which added 45,000 roles, while leisure and hospitality increased headcount…