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ADP: 176,000 New Jobs in August; 4,000 in Construction and 50,000 in Professional Services
Greig O'Brien / ARCHITECT / September 5, 2013
ADP and Moody’s Analytics released their August employment report, which shows continued, steady job growth nationwide.
It appears that August will continue the steady job growth seen over the last couple of months. ADP and their partner, Moody’s Analytics, released their August employment report today, which showed that the economy added 176,000 jobs last month. This was down from July’s initially reported 200,000, but is still higher than the lull we saw this past spring.
July’s numbers were also revised down by 2,000 jobs (to 198,000 jobs added), making last month now tied with February as the best month of 2013 for the economy and the labor market. This reconciles ADP’s July numbers a little with the U.S. Bureau of Labor Statistics’ (BLS) July report, which showed the economy added 162,000 jobs that month. ADP’s June numbers were also revised down—from 198,000 to 190,000.