Tuesday, Jul 26, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Business

BUSINESS BRIEF

October job growth lowest in 6 months

WASHINGTON — U.S. private-sector employers hired the fewest workers in six months in October while tepid domestic demand kept inflation benign last month, suggesting the economy was still in need of stimulus from the Federal Reserve.

The slowdown was the clearest indication yet that the 16-day partial government shutdown weighed on economic activity.

Employers in the private sector added 130,000 jobs this month, the ADP National Employment Report showed on Wednesday, the lowest since April and below economists’ expectations for a gain of 150,000 jobs.

In small businesses, payrolls increased 37,000 last month, well below the 68,000 jobs created in September.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…