The US private sector created 177,000 jobs in August, excluding the rural sector, according to a report published by Automatic Data Processing (ADP) and Macroeconomic Advisers.
Analysts expected the creation of 200,000 jobs. The number of vacancies created in July was revised upwards, from 324 thousand to 371 thousand.
The data indicate that small companies, which have less than 50 employees, opened 18,000 jobs in August. The medium ones (from 50 to 499 employees) generated 79,000 jobs and the large ones, which have 500 workers or more, created 83,000 jobs.
Breaking down by sectors, industry – which includes manufacturing, construction and mining – opened 23,000 jobs, while the services sector created 154,000.
Among the industrial segments, manufacturing created 12,000 jobs in August, extraction and mining companies opened 5,000 jobs and the construction sector opened 6,000 positions.
This month’s numbers are consistent with the pace of job creation before the pandemic, said Nela Richardson, chief economist at ADP. After two years of exceptional gains linked to the recovery, we are moving towards more sustainable wage and employment growth as the economic effects of the pandemic subside.