Private businesses in the US hired just 428K workers in August of 2020, way below market expectations a 950K rise. It follows an upwardly revised 212K increase in July. The labor market continues to rebound from April's record slump in employment, although only half of the near 20 million jobs lost have been recovered so far. The service-providing sector added 389K jobs led by leisure and hospitality (129K); education and health (100K); professional and business (66K); trade, transportation & utilities (58K); and financial activities (11K) while the information sector lost 1K jobs. The goods-producing sector added 40K jobs, due to construction (28K), manufacturing (9K) and natural resources and mining (2K). Private payrolls in large companies were up 298K, midsized companies added 79K and small firms 52K.
ADP Employment Change in the United States averaged 27.70 Thousand from 2001 until 2020, reaching an all time high of 4485 Thousand in June of 2020 and a record low of -19409 Thousand in April of 2020. This page provides the latest reported value for - United States ADP Employment Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States ADP Employment Change - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Automatic Data Processing, Inc.
ADP Employment Change in the United States is expected to be 610.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate ADP Employment Change in the United States to stand at 200.00 in 12 months time. In the long-term, the United States ADP Employment Change is projected to trend around 150.00 Thousand in 2021, according to our econometric models.