Thursday, October 31, 2013

Employment Growth Slowing Since June - Well Before Government Shutdown

From The Wall Street Journal, Real Time Economics, "Vital Signs: Private Hiring Slowed Well Before the Shutdown" by Kathleen Madigan:
According to payroll processor Automatic Data Processing, private businesses added just 130,000 jobs in October, down from 145,000 slots created in September. Private-sector job gains have been shrinking since June—well before the budget dispute closed the federal government.
Source: The Wall Street Journal

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