Topics

ADP Inc.

Private sector firms added solid 190,000 jobs in August, ADP reports

Private sector firms added solid 190,000 jobs in August, ADP reports

Hiring by U.S. firms picked up a bit last month as the private sector added 190,000 net new jobs, payroll firm Automatic Data Processing Inc. said Wednesday. The August figure was below analyst expectations of about 210,000 net new private-sector jobs, but it was an improvement over July's 177,000 figure, which was revised down from the initial report of 185,000. The latest monthly job-creation number for companies was solid, said Mark Zandi, chief economist at Moody's Analytics, which assists ADP in preparing the report. “Recent global financial market turmoil has not slowed the U.S. job market, at least not yet,” Zandi said. “Job growth remains strong...

Loading
67°