by Calculated Risk on 9/04/2014 08:15:00 AM
Thursday, September 04, 2014
ADP: Private Employment increased 204,000 in August
Private sector employment increased by 204,000 jobs from July to August according to the August ADP National Employment Report®. ... The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.This was below the consensus forecast for 213,000 private sector jobs added in the ADP report.
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Mark Zandi, chief economist of Moody’s Analytics, said, "Steady as she goes in the job market. Businesses continue to hire at a solid pace. Job gains are broad based across industries and company sizes. At the current pace of job growth the economy will return to full employment by the end of 2016.”
The BLS report for August will be released on Friday.