ADP August Private Payrolls 374,000 versus 625,000 expected

ADP August Private Payrolls 374,000 versus 625,000 expected.

Total U.S. Nonfarm Private Employment: 374,000

By Company Size

- Small businesses: 86,000

• 1-19 employees 25,000
• 20-49 employees 61,000

- Medium businesses: 149,000

• 50-499 employees 149,000

- Large businesses: 138,000

• 500-999 employees 41,000
• 1,000+ employees 96,000

By Sector

- Goods-producing: 45,000

• Natural resources/mining 9,000
• Construction 30,000
• Manufacturing 6,000

- Service-providing: 329,000

• Trade/transportation/utilities 18,000
• Information 0
• Financial activities 13,000
• Professional/business services 19,000 - Professional/technical services 18,000 - Management of companies/enterprises -1,000 - Administrative/support services 3,000
• Education/health services 59,000 - Health care/social assistance 39,000 - Education 19,000
• Leisure/hospitality 201,000
• Other services 19,000

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

- Franchise Employment**

• Franchise jobs 52,300

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

"Our data, which represents all workers on a company's payroll, has highlighted a downshift in the labor market recovery. We have seen a decline in new hires, following significant job growth from the first half of the year," said Nela Richardson, chief economist, ADP. "Despite the slowdown, job gains are approaching 4 million this year, yet still 7 million jobs short of pre-COVID-19 levels. Service providers continue to lead growth, although the Delta variant creates uncertainty for this sector. Job gains across company sizes grew in lockstep, with small businesses trailing a bit more than usual."

Mark Zandi, chief economist of Moody's Analytics, said, "The Delta variant of COVID-19 appears to have dented the job market recovery. Job growth remains strong, but well off the pace of recent months. Job growth remains inextricably tied to the path of the pandemic."

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 330,000 to 326,000.

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 2021 ADP National Employment Report will be released at 8:15 a.m. ET on October 6, 2021.

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