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ADP Inc.
Private sector adds 204,000 net new jobs in August, ADP reports
Private sector adds 204,000 net new jobs in August, ADP reports

Private-sector job growth slowed a bit last month, but employers still added a fairly strong 204,000 net new positions, payroll firm Automatic Data Processing said Thursday. The figure was a drop from July's downwardly revised 212,000 and below analysts' expectations for a gain of about 223,000 positions. Still, August was the fifth-straight month ADP has said private-sector job growth exceeded 200,000. The data indicate that the labor market is continuing to expand at a robust pace as economists await Friday's government report on total August job growth. "Steady as she goes in the job market," said Mark Zandi, chief economist of Moody’s Analytics,...

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