Today: 11 July 2025
2 September 2021
1 min read

US private sector adds only 374,000 jobs in Aug

The latest data released on Wednesday “has highlighted a downshift in the labour market recovery”, said Nela Richardson, chief economist at ADP….reports Asian Lite News

Private companies added 374,000 jobs in August, fewer than expected, indicating a slowing labour market recovery amid a Delta variant-fuelled Covid-19 resurgence, payroll data company Automatic Data Processing (ADP) reported.

The latest data released on Wednesday “has highlighted a downshift in the labour market recovery”, said Nela Richardson, chief economist at ADP.

“We have seen a decline in new hires, following significant job growth from the first half of the year.”

In the second quarter, the private sector saw an average monthly job growth of roughly 748,000 amid vaccination progress and continued economic recovery, according to the report, which was produced by the ADP Research Institute in collaboration with Moody’s Analytics.

In July, however, private companies added a downwardly revised 326,000 jobs, a marked slowdown from the second quarter.

Despite the slowdown, Richardson noted that job gains are approaching 4 million this year, while adding that it’s still 7 million jobs short of pre-pandemic levels.

Service providers continue to lead growth, with 329,000 jobs added in the month, although the Delta variant creates “uncertainty” for this sector, Richardson said, noting leisure and hospitality made up 201,000 of the job gains.

Large firms and medium-sized businesses hired about 138,000 and 149,000 workers, respectively, while small companies added some 86,000 employees, the ADP report showed, indicating an unbalanced recovery across different company sizes.

The ADP report came two days ahead of the crucial monthly employment report to be released by the Labour Department’s Bureau of Labour Statistics, which will include employment data from both the private sector and the government.

ALSO READ: Covid surge wearing US out in multiple sectors

Previous Story

Putin says US presence in Afghanistan ended in tragedies

Next Story

Abu Dhabi lifts quarantine rule for vaccinated passengers

Latest from -Top News

Masdar powers ahead in UK

€15 billion clean energy alliance powers ahead with East Anglia THREE investment and Baltic Eagle energisation….reports Asian Lite News Masdar, the UAE-based global clean energy powerhouse, and Iberdrola, one of the world’s

Indian Doctor Gets Top Sharjah Award

The award was presented by His Highness Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah. In a moment of immense pride for the Indian diaspora, renowned paediatrician-turned-entrepreneur Dr.

Peace talks in the desert

President H.H. Sheikh Mohamed reiterated the UAE’s unwavering support for initiatives aimed at fostering sustainable peace, dialogue, and development in the South Caucasus. He also applauded the willingness of the Armenian and

World’s energy thirst to grow: OPEC

UAE sticks to 5 million bpd oil output goal as OPEC launches new World Oil Outlook at Vienna seminar…reports Asian Lite News Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum

Red Sea Warzone

Iran-backed rebels intensify maritime assaults in support of Gaza; US and EU condemn abductions, Israel intercepts missile….reports Asian Lite News The Iran-aligned Houthi rebels have stepped up their maritime offensive in the
Go toTop

Don't Miss

The way forward for Afghanistan

India is apprehensive that if the Taliban were to establish

US Senate okays Blome’s appointment as envoy to Pakistan

Blome, who is currently the US Ambassador to Tunisia, has