U.S. private sector adds 195,000 jobs in AugustChristian Fernsby ▼ | September 5, 2019
Private sector employment increased by 195,000 jobs from July to August according to the August ADP National Employment Report.
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Topics: Jobs private sector U.S.
Mark Zandi, chief economist of Moody's Analytics, said, "Businesses are holding firm on their payrolls despite the slowing economy. Hiring has moderated, but layoffs remain low. As long as this continues recession will remain at bay."
The matched sample used to develop the ADP National Employment Report was derived from ADP payroll data, which represents 411,000 U.S. clients employing nearly 24 million workers in the U.S. The July total of jobs added was revised down from 156,000 to 142,000. ■