Press release
ADP National Employment Report: Private Sector Employment Increased by 177,000 Jobs in August; Annual Pay was Up 5.9%
ROSELAND, N.J., Aug. 30, 2023 /PRNewswire/ -- Private sector employment increased by 177,000 jobs in August and annual pay was up 5.9 percent year-over-year,
About this update from Automatic Data Processing, Inc.
[{"type":"text","content":"ROSELAND, N.J., Aug. 30, 2023 /PRNewswire/ -- Private sector employment increased by 177,000 jobs in August and annual pay was up 5.9 percent year-over-year, according to the August ADP® National Employment ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab (\"Stanford Lab\"). The ADP National Employment Report is an independent measure and high-frequency view of the private-sector labor market based on actual, anonymized payroll data of more than 25 million U.S. employees.\nThe jobs report and pay insights use ADP's fine-grained anonymized and aggregated payroll data to provide a representative picture of the private-sector labor market. The report details the current month's total private employment change, and weekly job data from the previous month. Because the underlying ADP payroll databases are continuously updated, the report provides a high-frequency, near real-time measure of U.S. employment. This measure reflects the number of employees on ADP client payrolls (Payroll Employment) to provide a richer understanding of the labor market. ADP's pay measure uniquely captures the earnings of a cohort of almost 10 million employees over a 12-month period.\n\"This month's numbers are consistent with the pace of job creation before the pandemic,\" said Nela Richardson, chief economist, ADP. \"After two years of exceptional gains tied to the recovery, we're moving toward more sustainable growth in pay and employment as the economic effects of the pandemic recede.\"\nAugust 2023 Report Highlights*\nView the ADP National Employment Report and interactive charts at www.adpemploymentreport.com.\nJOBS REPORT\nPrivate employers added 177,000 jobs in AugustJob growth slowed notably last month, driven heavily by leisure and hospitality. Job creation by hotels, restaurants and other employers in the sector fell to 30,000 in August after months of strong hiring.\nChange in U.S. Private Employment: 177,000\nChange by Industry Sector- Goods-producing: 23,000\nNatural resources/mining 5,000Construction 6,000Manufacturing 12,000- Service-providing: 154,000\nTrade/transportation/utilities 45,000Information 5,000Financial activities 0Professional/business services 15,000Education/health services 52,000Leisure/hospitality 30,000Other services 7,000Change by U.S. Regions- Northeast: 59,000\nNew...