Private Sector Adds 91k Jobs
Private Sector Adds 91k Jobs
The United States' private sector added 91,000 jobs this month, according to a report from payrolls processor ADP. The group also revised its July estimate down to a gain of 109,000 from the initially reported 114,000. According to Wednesday's ADP National Employment Report, the US gained a seasonally adjusted 91,000 jobs from July to August. The figure does not include changes in payrolls on the nation's farms or government payrolls.
The report was particularly encouraging for the private, service-producing sector, which added about 80,000 jobs in August, following two months in which the sector lost an total of 230,000 jobs. Manufacturing jobs declined by 4,000, and goods-producing sector jobs rose by 11,000. Small business continue to drive job creation across the US, with more than half of the 91,000 jobs created in August coming at small businesses. Small businesses have now increased payrolls for 21 straight months, at an average of about 71,000 per.
According to the report, companies with medium-sized payrolls, or those employing between 50 and 499 workers, added 30,000 jobs in August, while companies employing more than 500 workers added just 3,000 jobs. The construction industry brought in about 7,000 jobs during the month, its first gain in the last four months.
The United States' private sector added 91,000 jobs this month, according to a report from payrolls processor ADP. The group also revised its July estimate down to a gain of 109,000 from the initially reported 114,000. According to Wednesday's ADP National Employment Report, the US gained a seasonally adjusted 91,000 jobs from July to August. The figure does not include changes in payrolls on the nation's farms or government payrolls.
The report was particularly encouraging for the private, service-producing sector, which added about 80,000 jobs in August, following two months in which the sector lost an total of 230,000 jobs. Manufacturing jobs declined by 4,000, and goods-producing sector jobs rose by 11,000. Small business continue to drive job creation across the US, with more than half of the 91,000 jobs created in August coming at small businesses. Small businesses have now increased payrolls for 21 straight months, at an average of about 71,000 per.
According to the report, companies with medium-sized payrolls, or those employing between 50 and 499 workers, added 30,000 jobs in August, while companies employing more than 500 workers added just 3,000 jobs. The construction industry brought in about 7,000 jobs during the month, its first gain in the last four months.
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