Connect with us

Hi, what are you looking for?


Private sector adds 132,000 jobs in August: ADP

Job growth in the private sector continued to slow in August, with companies adding 132,000 jobs, according to an ADP job report released Wednesday.

“Our data suggests a shift toward a more conservative pace of hiring, possibly as companies try to decipher the economy’s conflicting signals,” ADP’s chief economist Nela Richardson said in a statement. “We could be at an inflection point, from super-charged job gains to something more normal.” 

The August numbers are down from July, when the private sector added almost 270,000 jobs, according to ADP. Job growth is also much lower than anticipated, with economists having predicted 225,000 jobs added, according to CNN Business.

The slowdown comes as debate continues over where the economy is headed and whether a recession is imminent.

After hitting a 40-year high of 9.1 percent in June, inflation dipped slightly in July to 8.5 percent, aided by a drop in gas prices. 

While Americans’ views on the economy improved in August, they remained negative overall, according to a Gallup poll also released on Wednesday. Confidence in the economy rose from -51 in July to -39 in August, according to Gallup’s index, which runs from -100 to +100.

The government’s more comprehensive job report from the Bureau of Labor Statistics comes out on Friday.


You May Also Like


Republicans on the House Oversight and Reform Committee sent a letter on Wednesday to the head of the National Archives and Records Administration asking...


Two schools in Lake Havasu, Arizona, fired teachers Samantha and Dillon Pier. The pair had been shooting adult videos on school grounds. The students...


Paul Manafort, the onetime campaign chairman for former President Trump who spent nearly two years in prison on bank and fraud charges, said in...


Lyft passengers and drivers who say they were sexually and physically assaulted during Lyft rides sued the ride-hailing company Wednesday, alleging it fails to ensure user safety.  Seventeen...