Summary
- US private-sector employment growth has recently shown a slowing trend.
- ADP said US private-sector employment rose by an average of 7,750 per week over the previous four weeks, a slight slowdown versus the prior period.
- ADP said the scale of job growth in the US has edged down for three consecutive weeks, indicating a gradual slowdown in the pace of private-sector job gains.
An indicator has emerged suggesting that US private-sector job growth has recently been slowing.
According to Walter Bloomberg, an overseas economic news flash account, on the 27th ADP (Automatic Data Processing) said, "Based on the past three days, US private-sector employment rose by an average of 7,750 per week over the previous four weeks." This marks a slight reduction in the pace of job gains compared with the prior period.
ADP also said that "the scale of job growth in the United States has edged down for three consecutive weeks." While private employment is still increasing, the rate of increase is gradually slowing.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
