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31.08.2016 12:21

US ADP maintains the strong growth in August

Private sector employment increased by 177,000 jobs from July to August according to the August ADP National Employment Report

Payrolls for businesses with 49 or fewer employees increased by 63,000 jobs in August, down from 68,000 in July. Employment at companies with 50-499 employees increased by 44,000 jobs, down from last month's 71,000. Employment at large companies - those with 500 or more employees - increased by 70,000, up from July's 56,000. Companies with 500-999 employees added 25,000 and companies with more than 1,000 employees added 46,000 in August.

"Job growth in August was stable and consistent with levels from previous months as consumer conditions improve," said Ahu Yildirmaz, vice president and head of the ADP Research Institute. "Continued strong growth in service-providing jobs is offset by weakness in goods-producing areas."

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