In a new report released on Thursday that bolsters President Trump’s chances of reelection, the ADP Research Institute and Moody’s analytics said private sector employment increased by 195,000 jobs from July to August, surpassing the estimates that employment would increase by 140,000 new jobs.
Bloomberg reported, “Businesses’ payrolls increased by 195,000 after a downwardly revised 142,000 gain in July, according to the ADP Research Institute. The latest data compared with the median estimate of economists for a 148,000 increase. A separate Labor Department report Thursday showed filings for unemployment benefits were little changed last week, near the lowest level since 1969.”
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