Job Creation Numbers Beat Forecasts, Fresh Sign of Tight Labor MarketJob creation numbers slightly beat forecasts in September, but the U.S. labor market showed signs of tightening.
Demand for workers remains strong, despite another increase in interest rates and weakening financial conditions, according to ADP’s National Employment report for September, released on Oct. 5.
One bright spot was that private employers added 208,000 jobs last month, more than expected, according to the ADP report. The news service Dow Jones estimated 200,000 new jobs last month, which was ahead of the revised figure of 185,000 positions in August.
ADP, the payroll services firm, jointly compiles the jobs report with the Stanford Digital Economy Lab....
Source: Job Creation Numbers Beat Forecasts, Fresh Sign of Tight Labor Market (https://www.theepochtimes.com/job-creation-numbers-beat-forecasts-fresh-sign-of-tight-labor-market_4777087.html)