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ADP National Employment Report increased by 195,000 jobs in August
Private sector employment increased by 195,000 jobs from July to August according to the August ADP National Employment Report®.
“In August we saw a rebound in private-sector employment,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “This is the first time in the last 12 months that we have seen balanced job growth across small, medium and large-sized companies.”
Mark Zandi, chief economist of Moody’s Analytics, said, “Businesses are holding firm on their payrolls despite the slowing economy. Hiring has moderated, but layoffs remain low. As long as this continues recession will remain at bay.”
Posted: September 5, 2019 Thursday 08:15 AM