Private Sector Employment Increased by 237,000 Jobs in August

On Aug 31, 2017

Private sector employment increased by 237,000 jobs from July to August according to the August ADP National Employment Report® . 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 2017 Report Highlights*

Total US Nonfarm Private Employment: 237,000

By Company Size

Small businesses: 48,000

1-19 employees: 18,000

20-49 employees: 30,000

Medium businesses: 74,000

50-499 employees: 74,000

Large businesses: 115,000

500-999 employees: 22,000

1,000+ employees: 93,000

By Sector

Goods-producing: 33,000

Natural resources/mining: -1,000

Construction: 18,000

Manufacturing: 16,000

Service-providing: 204,000

Trade/transportation/utilities: 56,000

Information: -3,000

Financial activities: 11,000

Professional/business services: 39,000

• Professional/technical services: 8,000
• Management of companies/enterprises: 4,000
• Administrative/support services: 27,000

Education/health services: 45,000

• Health care/social assistance: 42,000
• Education: 2,000
• Leisure/hospitality: 51,000

Other services: 5,000

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

Franchise Employment

Franchise jobs: 21,200

“In August, the goods-producing sector saw the best performance in months with solid increases in both construction and manufacturing,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Additionally, the trade industry pulled ahead to lead job gains across all industries, adding the most jobs it has seen since the end of 2016. This could be an industry to watch as consumer spending and wage growth improves.”

Mark Zandi, chief economist of Moody’s Analytics, said, “The job market continues to power forward. Job creation is strong across nearly all industries, company sizes. Mounting labor shortages are set to get much worse. The initial BLS employment estimate is often very weak in August due to measurement problems, and is subsequently revised higher. The ADP number is not impacted by those problems.”

Related Articles: