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U.S. Job Market Sheds 32,000 Jobs in September
Published 7 months ago
Description
The U.S. economy shed 32,000 private-sector jobs in September, according to ADP. Construction, manufacturing, and leisure and hospitality all saw losses, while the Midwest was hit the hardest. Wage growth slowed to 4.5% for job stayers and 6.6% for job changers, down from 7.1% in August. The only sector showing gains was large employers with more than 500 workers, which added 33,000 jobs.
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