The Traderszone Network

Published in TZ Latest News 2 September, 2015 by The TZ Newswire Staff

U.S. private payrolls rise steadily; productivity revised up

U.S. private employers maintained a steady pace of hiring in August despite recent global financial market turmoil, suggesting that labor market momentum likely remains strong enough for the Federal Reserve to consider an interest rate hike this year. The ADP National Employment Report on Wednesday showed private payrolls increased 190,000 last month. While that was below economists’ expectations for a gain of 201,000 jobs, it was a step-up from the 177,000 positions created in July and in line with the trend for the first seven months of this year.