ADP Employer Services Says U.S. Added 58,000 Jobs

Companies in the U.S. added 58,000 in September, a private report based on payroll data showed today.

The increase followed a revised gain of 27,000 for the prior month that was less than previously estimated, ADP Employer Services said. Gaines averaged 98,000 a month from January through June.

Hiring has been slowing as a two-year housing recession and tighter access to credit weaken the economy, economists said. A softer job market gives Federal Reserve policy makers reason to lower their target rate again to boost growth.

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- Posted: 2007-10-03 09:54:51

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