Excellent News: Private Sector Jobs Rocket Up by 201,000 in August

Posted September 06, 2012 by

ADP National Employment ReportEmployment in the U.S. nonfarm private business sector increased by 201,000 from July to August, on a seasonally adjusted basis. The estimated gain from June to July was revised up from the initial estimate of 163,000 to 173,000.

Employment in the private, service-providing sector expanded 185,000 in August 2012, up from 156,000 in July. Employment in the private, goods-producing sector added 16,000 jobs in August. Manufacturing employment rose 3,000, following an increase of 6,000 in July. Employment on large payrolls—those with 500 or more workers—increased 16,000 and employment on medium payrolls—those with 50 to 499 workers—rose 86,000 in August.

Employment on small payrolls—those with up to 49 workers—rose 99,000 that same period. Of the 86,000 jobs created on medium- sized payrolls, 12,000 jobs were created by the goods producing sector and 74,000 jobs were created by the service-providing sector.

Construction employment rose for the third consecutive month, adding 10,000 jobs, marking the best reading since March. The financial services sector added 8,000 jobs from July to August, marking the thirteenth consecutive monthly gain.

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