The rise in U.S. private employment slowed considerably in August, rising less than expected by 54,000 jobs and is up 4.4% over last year, according to ADP.

U.S. private sector hiring rose less than expected in August, per the ADP.

The rise in U.S. private employment slowed considerably in August, rising less than expected by 54,000 jobs and is up 4.4% over last year, according to ADP.

Nonfarm payrolls were expected to increase by 75,000 in August while the unemployment rate edged up tp 4.3%.

The job market continues to slow, according to a report released Friday by the Bureau of Labor Statistics showing that only 22,000 jobs were created in August.