U.S. ADP nonfarm employment change grows at the slowest pace since the beginning of 2021, falling below market expectations.

Updated on September 5, 2024 at 23:08 JST (excerpt).
In August, nonfarm employment increases by 99,000, with a downward revision to an increase of 0.11 million1000 people in July.
Wages show the lowest growth since 2021 for both job changers and those who remained in the same job.
Nonfarm employment in the U.S. remained at its lowest growth since January 2021, indicating renewed signs of a slowing labor market.
In August, the number of US private sector employees increased by 99,000.
Falling below all financial estimates compiled by vroom, as reported by Bloomberg.
The median financial estimate is an increase of 140,500 people.
July's initial report of an increase of 110,000 people (revised downward from the initial report of an increase of 120,000 people).