ChainThink reports that on September 2, according to Xinhua, U.S. private employment growth in August came in at 38,000, below the market expectation of 48,000 and lower than the prior reading of 44,000. The weaker-than-expected employment data indicates a slowdown in labor market growth.
U.S. August ADP Employment Increased by 38K, Below Forecast of 48K
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Summary
On-chain data shows that U.S. August ADP employment increased by 38,000 on September 2, 2026, below the forecast of 48,000 and the prior reading of 44,000. The result suggests a cooling labor market. Inflation data remains a key focus for traders, as economic indicators continue to shape market sentiment.
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