Private payroll growth tails off in August but job market still 'incredibly dynamic': ADP and Moody's

Private payroll growth in August slowed to its weakest level since October as the U.S. economy continued to move toward full employment, according to a report from ADP and Moody's Analytics. Companies added 163,000 jobs for the month, a considerable slowdown from the 217,000 added in July and well below what had been an average of 206,000 a month. Economists surveyed by Reuters had been expecting 190,000 new hires.