The United States announced that ADP added 99,000 jobs in August, the smallest increase since January 2021, with expectations of 145,000. The previous value was revised from 122,000 to 111,000. Additionally, in August 2024, U.S. employers announced 75,891 layoffs, the most in five months and the most layoffs in a single month since 2009 (excluding the 2020 pandemic-induced crash).

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Looks like the job market in the US is facing some challenges with the recent data on ADP job additions falling short of expectations. The increase in layoffs also raises concerns. Let's keep an eye on how these trends develop in the coming months. 