New York, NY, August 30, 2006--According to the ADP Employer Services employment report, private employers added 107,000 jobs in August. The number was close to expectations.
ADP Employer Services employment report was jointly developed with Macroeconomic Advisers LLC. In July, U.S. private employers added 99,000 jobs by comparison.
Economists had forecast a reading of 112,000. The market views the ADP report as a useful guide to private sector employment, but as less than a sure-fire guide to what the U.S. Labor Department's employment report will show for the same survey month.
Economists, the U.S. Labor Department on Friday is expected to show that 120,000 non-farm payroll jobs were created in August, up from 113,000 in July.
