The American private sector created 99,000 positions jobs in August, a figure lower than the 111,000 new jobs in July, which means five consecutive months of slowdown, according to the report published this Thursday by the consulting firm ADP.
This survey also reveals that the majority of employment growth was due to service sectorwith 72,000 net positions, compared to 27,000 in goods production companies.
Depending on the size of the companies, big business (+500 workers) generated 42,000 jobs, while medium-sized companies (50-499) created 68,000 jobs and small companies reduced their workforce by 9,000 people.
“The labor market’s downward trend has led us to slower-than-usual hiring after two years of excessive growth,” said Nela Richardson, ADP’s chief economist. “The next indicator to watch is wage growth, which is stabilizing after a drastic post-pandemic slowdown,” he added.
On your side, wages They rose by 4.8%, the lowest interannual increase in three years and the same amount as that recorded the previous month. Thus, payrolls were reassessed in line with the average in all companies except VSEs with 1 to 19 employees, where they only increased by 4%.
