Private Sector Adds 38K Jobs in August

The U.S. private sector added 38,000 jobs in August, marking the lowest monthly gain since January and below economists' expectations. Education and health services led hiring with 45,000 new positions, while manufacturing and professional services experienced job losses. Pay growth for employees remaining in their roles was 4.4%, with those switching jobs seeing a 7.3% increase. The upcoming Labor Department report is expected to show a 56,000-job increase.

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