ADP: US private payrolls up by 374,000 in August

Wednesday, 01. September 2021 14:17

The number of jobs in the United States private sector went up by 374,000 in August in comparison to July, significantly below analysts' expectations, the Automatic Data Processing Inc.'s (ADP) National Employment Report revealed on Wednesday.

Midsized enterprises hired most people during the previous month, 149,000, followed by large firms with 138,000 and the small ones with 86,000. Most new employments were observed in the service-providing sector, leisure and hospitality, and education and health.

"Despite the slowdown, job gains are approaching 4 million this year, yet still 7 million jobs short of pre-COVID-19 levels. Service providers continue to lead growth, although the Delta variant creates uncertainty for this sector," Nela Richardson, Chief Economist at ADP, commented.

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Breaking the News / JR