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U.S. private payrolls rise moderately in August -ADP

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Reuters

By Lucia Mutikani WASHINGTON(Reuters) -U.S. private employers hired far fewer workers than expected in August, likely because of a resurgence in new COVID-19 infections, but the labor market continues to steadily recover. Private payrolls increased by 374,000 jobs last month after rising 326,000 in July, the ADP National Employment Report showed on Wednesday. Economists polled by Reuters had forecast private payrolls would increase by 613,000 jobs. The ADP report is jointly developed with Moody’s Analytics and was published ahead of the Labor Department’s more comprehensive and closely watched…

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