by Calculated Risk on 9/04/2025 08:15:00 AM
From ADP: ADP National Employment Report: Private Sector Employment Increased by 54,000 Jobs in August; Annual Pay was Up 4.4%
“The year started with strong job growth, but that momentum has been whipsawed by uncertainty,” said Dr. Nela Richardson, chief economist, ADP. “A variety of things could explain the hiring slowdown, including labor shortages, skittish consumers, and AI disruptions.”
emphasis added
This was below the consensus forecast of 72,000 jobs added. The BLS report will be released Friday, and the consensus is for 78,000 non-farm payroll jobs added in August.
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