© 2024 WYPR
WYPR 88.1 FM Baltimore WYPF 88.1 FM Frederick WYPO 106.9 FM Ocean City
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
WYPO 106.9 Eastern Shore is off the air due to routine tower work being done daily from 8a-5p. We hope to restore full broadcast days by 12/15. All streams are operational

Job Growth Continues At Healthy Pace, Survey Finds

For the fifth straight month, private companies added more than 200,000 jobs, according to the ADP National Employment Report for the month of August.

That's good news because any number above 200,000 will usually bring down the unemployment rate.

In a statement, Carlos Rodriguez, president and chief executive officer of the payroll processor, said that August, with 204,000 jobs added, marks a continuing "encouraging trend for the U.S. labor market."

Here's a graph showing the monthly surveys going back a year:

/ ADP
/
ADP

The Associated Press adds:

"The figures suggest that the government's jobs report, to be released Friday, will also show a solid increase. But the ADP numbers cover only private businesses and sometimes diverge from the government's more comprehensive report.

"Economists surveyed by FactSet forecast that the government's report will show that 220,000 jobs were added in August, while the unemployment rate slipped to 6.1 percent."

The ADP report, which is produced in collaboration with Moody's Analytics, comes a day ahead of data on the rates of unemployment and job growth in August. The BLS report is expected at 8:30 a.m. ET on Friday.

Copyright 2021 NPR. To see more, visit https://www.npr.org.

Eyder Peralta is NPR's East Africa correspondent based in Nairobi, Kenya.