Private Sector Employment Increases by 428 Thousand Jobs in August, Below Consensus

(Updated - September 2, 2020 8:16 AM EDT)

• ADP Employment Change (Aug) 428K vs 1M Expected

Private sector employment increased by 428,000 jobs from July to August according to the August ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody's Analytics. 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.

August 2020 Report Highlights*

View the ADP National Employment Report Infographic at www.adpemploymentreport.com.

Total U.S. Nonfarm Private Employment: 428,000

By Company Size

- Small businesses: 52,000

• 1-19 employees 43,000
• 20-49 employees 9,000

- Medium businesses: 79,000

• 50-499 employees 79,000

- Large businesses: 298,000

• 500-999 employees 28,000
• 1,000+ employees 270,000

By Sector

- Goods-producing: 40,000

• Natural resources/mining 2,000
• Construction 28,000
• Manufacturing 9,000

- Service-providing: 389,000

• Trade/transportation/utilities 58,000
• Information -1,000
• Financial activities 11,000
• Professional/business services 66,000 - Professional/technical services 19,000 - Management of companies/enterprises 1,000 - Administrative/support services 47,000
• Education/health services 100,000 - Health care/social assistance 85,000 - Education 15,000
• Leisure/hospitality 129,000
• Other services 25,000

* Sum of components may not equal total, due to rounding.

- Franchise Employment**

• Franchise jobs 21,500

**Complete details on franchise employment can be found here.

"The August job postings demonstrate a slow recovery," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. "Job gains are minimal, and businesses across all sizes and sectors have yet to come close to their pre-COVID-19 employment levels."

The matched sample used to develop the ADP National Employment Report was derived from ADP payroll data, which represents 460,000 U.S. clients employing nearly 26 million workers in the U.S. The July total of jobs added was revised from 167,000 to 212,000.

To obtain additional information about the ADP National Employment Report, including additional charts, supporting data and the schedule of future release dates, or to subscribe to the monthly email alerts and RSS feeds, please visit www.adpemploymentreport.com.

The September 2020 ADP National Employment Report will be released at 8:15 a.m. ET on September 30, 2020.

You May Also Be Interested In

• Wall Street closes higher as investors digest earnings, megacap outlook
• Japan's yen falls to 1990 lows, dollar/yen nears 155
• Global S&P Futures mixed in premarket