Private payrolls rose by 38,000 in August, fewer than expected, ADP reports
Private sector job growth slowed in August, according to ADP's latest report.
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Source diversity sample: FXStreet · MarketWatch · Yahoo Finance · Bloomberg.com · Seeking Alpha · ADP Media Center · Fox Business · CNBC.
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38,000 private-sector jobs were added in August, according to the ADP National Employment Report released today. The report, published by ADP's Media Center, Bloomberg, CNBC, Fox Business and Seeking Alpha, noted that job growth and pay raises cooled in August. The number of jobs added was below expectations.
The exact expectations are not specified in the coverage. The report was released by ADP, a provider of human capital management software and services. The report is based on ADP's payroll data, which covers more than 26 million U.S. workers.
The report does not specify the industries or regions where the jobs were added or lost. The report also does not provide information on the types of jobs added or lost.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 4h ago.
Sources (8)
- Breaking: United States private sector employment rises by 38K in August vs. 47K expected FXStreet · 6h ago
- U.S. businesses created the fewest new jobs in 7 months, ADP says. Hiring slowed in the summer. MarketWatch · 6h ago
- Soft Private Payrolls Data for August Yahoo Finance · 6h ago
- US Companies Added 38,000 Jobs in August, ADP Data Show Bloomberg.com · 6h ago
- Job growth and pay raises cool in August: ADP jobs report Seeking Alpha · 6h ago
- ADP National Employment Report: Private-Sector Employment Increased by 38,000 Jobs in August ADP Media Center · 6h ago
- Private sector added 38,000 jobs in August, below expectations, ADP says Fox Business · 6h ago
- Private payrolls rose by 38,000 in August, fewer than expected, ADP reports CNBC · 6h ago
Answered
What is the ADP National Employment Report?
The ADP National Employment Report is a monthly report that provides an estimate of private-sector employment in the United States. The report is based on ADP's payroll data, which covers more than 26 million U.S. workers.
What is the significance of the ADP National Employment Report?
The ADP National Employment Report is significant because it provides an early indication of the health of the U.S. job market. The report is often used by economists and investors to gauge the strength of the economy.
What is the difference between the ADP National Employment Report and the Bureau of Labor Statistics' employment report?
The ADP National Employment Report is based on ADP's payroll data, which covers more than 26 million U.S. workers. The Bureau of Labor Statistics' employment report is based on a survey of households and establishments. The two reports can sometimes differ in their estimates of employment growth.
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