ADP August Payrolls Miss Expectations

Macro
โดย Zacks Investment Research·US·Read original
Summary · why it matters

Private-sector payrolls in the U.S. grew by only 38,000 jobs in August, according to ADP, falling short of the 47,000 expected and marking the weakest tally since January. Services accounted for all net gains with 48,000 new hires, while goods-producing industries lost 10,000 jobs. Education and healthcare led sector gains with 45,000, followed by leisure and hospitality at 16,000 and construction at 12,000, while professional and business services shed 16,000 and manufacturing lost 17,000. The report comes ahead of Friday's non-farm payrolls from the Bureau of Labor Statistics, which are projected to show a gain of 53,000 jobs, a rebound from July's decline of 23,000. Stock futures were mixed following the data, with the Dow up 125 points, the S&P 500 up 5, the Nasdaq down 33, and the Russell 2000 up 4.

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