Sep 5, 2019

Private sector surprises with 195,000 jobs added in August

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Private sector adds more jobs than expected in September

The private sector added more than 135,000 jobs in September, surpassing expectations of 125,000, according to a report released Wednesday by ADP and Moody's Analytics.

Why it matters: The numbers come "amid growing concerns over the strength" of the job market, which has seen hiring slow significantly in 2019, per CNBC. The year's current monthly average for private sector hiring is now 145,000 — down sharply from 214,000 for the same time period last year.

Go deeperArrowOct 2, 2019

August job gains come in at 130,000, below expectations

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The U.S. economy added 130,000 jobs in August — less than the 150,000 economists expected — while the unemployment rate held at 3.7%, the Labor Department said on Friday.

Why it matters: The slowdown could be the first sign that companies may be beginning to pull back on hiring, after the economic uncertainty from the U.S.-China trade war that's put a dent in business spending.

Go deeperArrowUpdated Sep 6, 2019

Help (really, really) wanted

Illustration: Rebecca Zisser/Axios

Just this week, Amazon, Target and Wendy's have announced plans to hire a combined 180,000 new workers or temps, adding to the swelling number of jobs that so far outpaces the number of people who are available to work.

Why it matters: The tight labor market — and the scarcity of workers — may come in the way of those ambitions.

Go deeperArrowSep 11, 2019