NFIB Weekly News

NFIB Weekly News Business Climate

ADP Report: August Jobs Numbers Exceeded Expectations (09/10/2019)

The release of the ADP report on US private payrolls for August led the President to tweet, “Really Good Jobs Numbers!” Reuters (9/5, Culp) indicated the report found “US private payrolls increased in August at their fastest pace in four months...blowing past analyst estimates ahead of Friday’s more comprehensive jobs report from the Labor Department.” Fox Business (9/5, Henney) indicated on its website “private employers added 195,000 jobs in August,” and CNBC (9/5, Cox) on its website that “economists surveyed by Dow Jones had been looking for a gain of just 140,000 following July’s 142,000, which was reduced downward by 14,000 from the original count.” August’s “growth was the best showing since the 255,000 added in April.”