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US private sector adds 195,000 jobs in August, largest gain in four months: ADP

September 05, 2019

The US labor market bounced back in August with the private sector adding 195,000 jobs, according to the ADP National Employment Report released today.

“In August we saw a rebound in private-sector employment,” said Ahu Yildirmaz, VP and co-head of the ADP Research Institute. “This is the first time in the last 12 months that we have seen balanced job growth across small-, medium- and large-sized companies.”

Small businesses added 66,000 jobs in August from July, while midsize and large firms added 77,000 and 52,000 jobs respectively.

“Businesses are holding firm on their payrolls despite the slowing economy,” said Mark Zandi, chief economist of Moody's Analytics. “Hiring has moderated, but layoffs remain low. As long as this continues, recession will remain at bay.”

The 195,000 jobs added last month is up from 122,000 added in July, a downwardly revised number from the previously reported gain of 142,000. August’s gain also exceeded gains of 107,000 in June and 46,000 in May.

The report also found the service-providing sector added the lion’s share of jobs in August at 184,000, with education/health services adding 58,000. Leisure/hospitality gained 42,000 jobs; trade/transportation/utilities added 39,000 jobs; and professional/business services jobs increased by 35,000.

The information sector posted the only decrease in the service-providing sector, down by 6,000 jobs.

Meanwhile, the goods-producing sector added 11,000 jobs. Employment in construction rose by 6,000 and manufacturing added 8,000 jobs, but the natural resources/mining sector lost 2,000 positions.

The ADP National Employment report is derived from anonymous payroll data of ADP client companies and measures nearly 24 million US workers. The report is produced by the ADP Research Institute in collaboration with Moody’s Analytics Inc.

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