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ADP: US private employment rises less than expected in August

ADP’s report showed US private sector employment increased by 38,000 jobs in August, after an upwardly revised 46,000 in the prior month. Growth matched the slowest pace in seven months.

WASHINGTON (dpa-AFX) - A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. increased by less than expected in the month of August.ADP said private sector employment rose by 38,000 jobs in August after climbing by an upwardly revised 46,000 jobs in Ju…