Business

Companies added 195,000 jobs last month

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The nation’s private-sector employment increased by 195,000 in August,  according to the ADP  National Employment Report, which was released Thursday.

August’s numbers compare with July when private-sector employment increased by 142, 000. Small businesses, employing 1 to 49 workers, added 66,000 jobs, and medium-sized companies, with 500 to 999 workers, added 77,000  jobs.

Large companies employing 1,000 or more workers added 52,000 workers, according to ADP, which has its headquarters in Roseland, New Jersey.
The Goods-producing sector, which includes construction, manufacturing. Natural resources/ mining added 11,000 jobs.

The Service-producing sector, which includes health care, leisure/hospitality, financial and professional business services added 184, 000 jobs. “Hiring has moderated, but layoffs remain low,” said Mark Zandi, chief economist for Moody’s Analytics. “As long as this continues, a recession will remain at bay.”

ADP  publishes its jobs report a day before the U.S. Bureau of Labor Statistics which releases its data the first Friday of the month. BLS reported companies added 130,000 jobs in August (see story in business)

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