U.S. job growth slowed sharply to 177,000 in August, below expectations

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Job creation in the United States slowed more than expected in August, according to ADP, a sign that the surprisingly resilient U.S. economy might be starting to ease under pressure from higher interest rates.

The firm reported Wednesday that private employers added 177,000 jobs in August, well below the revised total of 371,000 jobs added in July. Economists surveyed by Dow Jones were expecting 200,000 jobs added in August.

This is good news, right? right?

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www.cnbc.com/2023/08/30/us-job-growth-slowed-sharply-to-177000-in-august-below-expectations-adp-says.html

h/t Illustrious-Option-9