ADP: 163,000 Jobs Added in August

The non-farm private sector added 163,000 jobs in August, according to the ADP National Employment Report. This followed a downwardly revised 217,000 job increase in July.

Small businesses with fewer than 50 employees gained 21,000 jobs. Medium-sized businesses with 50-499 employees created 111,000, while large businesses added 31,000 jobs.

“Although we saw a small slowdown in job growth the market remains incredibly dynamic,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Midsized businesses continue to be the engine of growth, adding nearly 70 percent of all jobs this month, and remain resilient in the current economic climate.”

Service-providing employment rose by 139,000 jobs, driven by the professional and business services sector, which added 38,000. The education and health services sector had a robust report, adding 31,000 jobs. Goods-producing employment grew by 24,000 jobs. The manufacturing industry gained 19,000, while the construction sector created 5,000 jobs.

Read the ADP report.

About Jack McCabe

Jack McCabe is a research associate in the Economic Policy and Research group at the ABA.
More from Jack McCabe >