ADP says just 54,000 private jobs created in August. Businesses still hesitant to hire.

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Privately run businesses created just 54,000 jobs in August, ADP said, extending a string of poor employment reports that have raised alarms about the labor market and are likely to spur the Federal Reserve to cut interest rates soon.

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ADP says just 54,000 private jobs created in August. Businesses still hesitant to hire.

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