The U.S. private sector fewer-than-expected jobs in August, a report on Wednesday showed, adding to uncertainty over whether the Federal Reserve will raise interest rates later this month. Private payroll processor ADP reported that the private sector created 190,000 jobs in August, below the 201,000 that were expected.
July’s reading was also revised down, from 185,000 to 177,000.
The ADP figures come ahead of the U.S. Labor Department's more comprehensive non-farm payrolls report on Friday, which includes both public and private-sector employment.