Odaily reports that ADP, a US employment data processing company, released data on Tuesday showing further signs of weakness in the US labor market as layoffs accelerated over the past four weeks. The latest data shows that private sector companies lost an average of 13,500 jobs per week over the past four weeks. This is an acceleration from the 2,500 job losses per week reported a week earlier. As the previous government shutdown continues to affect data releases, alternative data like ADP has been filling gaps in the economic picture. (Jinshi)
ADP Weekly Report Shows Private Sector Job Losses Accelerate Over Four Weeks
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