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ADP report August 2026: Private sector adds 38,000 jobs
Fox Business • • business
Key Points:
- Private sector companies added 38,000 jobs in August, according to ADP, falling short of economists' expectations of 48,000 and marking the lowest monthly gain since January.
- Education and health services led job creation with 45,000 new positions, while leisure and hospitality added 16,000 jobs; manufacturing and professional/business services experienced job losses.
- Large businesses (500+ employees) accounted for most of the job gains with 34,000 new positions, while medium-sized businesses saw no change and small businesses added 3,000 jobs.
- Wage growth showed a 4.4% increase for employees staying in their roles and a faster 7.3% increase for those changing jobs, reflecting complex labor market dynamics influenced by demographics, inflation, and AI.
- The ADP report precedes the Labor Department's official nonfarm payrolls data due Friday, which is expected to show a 56,000 job increase and steady unemployment rate of 4.1%.
