Private-sector job growth surges in August with a little Amazon assist, ADP says
Source: MarketWatch
Private-sector job growth surges in August with a little Amazon assist, ADP says
Published: Aug 30, 2017 9:33 a.m. ET
Best performance in months for manufacturing and construction, ADP says.
by Andrea Riquier
Private-sector hiring skyrocketed in August, according to data released Wednesday.
Employers added a seasonally adjusted 237,000 jobs during the month, payroll processor ADP said. That was a big gain from the 178,000 jobs ADP reported in July, and which it revised up to 201,000. It also easily beat the Econoday consensus forecast of 185,000.
Small businesses added 48,000 employees, medium-sized businesses added 74,000 workers, and large businesses added 115,000 people. Nearly all the job gains came from the service sector, which produced 204,000 jobs.
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Within the goods-producing sector, mining employment shed 1,000 jobs, construction added 18,000, and manufacturing added 16,000.
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Andrea Riquier reports on housing and banking from MarketWatch's New York newsroom. Follow her on Twitter @ARiquier.
Read more: http://www.marketwatch.com/story/private-sector-job-growth-surges-in-august-adp-says-2017-08-30