Private payrolls rose by 38,000 in August, fewer than expected, ADP reports
Large employers drove the gains as manufacturing and professional services cut jobs, while base pay rose 3.2% and gross pay 4.7%, ADP said.
- U.S. private-sector employers added 38,000 jobs in August, according to the ADP National Employment Report produced by ADP Research in collaboration with the Stanford Digital Economy Lab. This marks the slowest pace of job creation since January.
- July's total job additions were revised upward from 44,000 to 46,000, according to ADP data derived from anonymized payroll records of over 26 million private-sector employees. This high-frequency dataset provides a representative view of labor market trends.
- Base pay for job-stayers rose 3.0% year-over-year while job-changers saw 4.7% growth; gross pay gains were 4.4% and 7.3% respectively. These figures reflect divergent compensation trends across worker mobility types.
- Dr. Nela Richardson, chief economist at ADP, emphasized analyzing wage dynamics: "To understand hiring patterns, you have to look deeply into where pay growth is accelerating, where it's slowing, and for whom." Richardson's insight underscores the complexity of current labor market trends.
- The next ADP National Employment Report will be released on September 30, 2026. Meanwhile, ADP Pay Insights now offers expanded geographic data across 56 U.S. metropolitan areas, enhancing analysis of regional employment and wage patterns.
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(New York = Yonhap News) Correspondent Kim Yeon-sook = The growth of private sector employment in the United States slowed in August.
The reading was below the projected, but the market will even be grateful for the news, as they are less inclined to the Federal Reserve to raise direct interest as soon as possible.
The private sector of the United States opened 38,000 jobs in August, according to data recently released by Automatic Data Processing (ADP), in partnership with Stanford Digital Economy Lab. The result came below the average estimate of a group of analysts, which pointed to the opening of 47,000 jobs. Gross wages rose 4.7% in August on an annual basis, 4.4% in July. Workers who changed jobs received 7.3% higher wages, above the 7% registered in…
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