Aug private sector job growth lowest in 4 yrs

Wednesday September 5, 8:44 am ET

NEW YORK (Reuters) - Private employers likely added 38,000 jobs in August, far fewer than analysts had expected and the slowest rate of growth in four years, a report by a private employment service said on Wednesday.

The report also revised July's private sector job growth downward to 41,000 from the originally reported 48,000 jobs. The employment report was developed jointly by ADP and Macroeconomic Advisers LLC.