Thursday, September 5, 2013

ADP: Private Sector Employment Rose by 176,000 in August

The private sector added 176,000 jobs in August according to ADP’s National Employment Report. August’s report shows a slightly slower pace than July’s 198,000 jobs. This ADP data comes one day before the BLS’ employment situation report. In July the 198k ADP reported gain translated to a BLS reported nonfarm payroll gain of 162k jobs. The report, which is typically released on the Wednesday prior to the BLS release, was delayed one day this month due to the holiday weekend.

Job creation continues to be driven by the service sector, which added 165k jobs in August, down slightly from the 176 jobs created in July. Goods sector job creation fell from 22k jobs the previous month to just 11k jobs in August.

Read the ADP release.

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