Survey: US Companies Added Just 428,000 Jobs Last Month

15Views

September 2, 2020

WASHINGTON: U.S. companies added jobs at a modest pace last month, a private survey found, a sign that while hiring continues, it is only soaking up a relatively small proportion of the unemployed.

Payroll processor ADP said Wednesday that businesses added 428,000 jobs in August, a figure that before the pandemic would have represented a healthy gain. But the increase represents a small slice of the 12 million jobs that have been lost to the spread of the coronavirus.

ADP said the bulk of the gains were at large companies, which added 298,000 jobs. Small businesses with less than 50 employees gained just 52,000 positions, while medium-sized firms with between 50 and 499 employees added 79,000 jobs.

Also Watch

India Takes Strategic Heights At North Bank Of Pangong Tso | CNN News18

ADP’s figures do not include government workers and frequently diverge from the Labor Department’s official jobs report, to be released Friday. ADP revised up its July job gain to 212,000, but that is still far below the 1.4 million additional jobs that month reported by the federal government.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Array
(
[videos] => Array
(
[0] => Array
(
[id] => 5f4f8fd0abdb6a740ea162d2
[youtube_id] => zwqePZnrus4
Survey: US Companies Added Just 428,000 Jobs Last Month => India Takes Strategic Heights At North Bank Of Pangong Tso | CNN News18
)

[1] => Array
(
[id] => 5f4f8fd0abdb6a740ea162d3
[youtube_id] => 9F3eRaFR53o
Survey: US Companies Added Just 428,000 Jobs Last Month => PUBG Among 118 Chinese Mobile Apps Banned By Govt Amid Border Tensions | CNN News18
)

)

[query] => https://pubstack.nw18.com/pubsync/v1/api/videos/recommended?source=n18english&channels=5d95e6c378c2f2492e2148a2,5d95e6c278c2f2492e214884,5d96f74de3f5f312274ca307&categories=5d95e6d7340a9e4981b2e10a&publish_min=2020-08-30T18:09:14.000Z&publish_max=2020-09-02T18:09:14.000Z&sort_by=date-relevance&order_by=0&limit=2
)

Survey: US Companies Added Just 428,000 Jobs Last Month

Also Watch

Speak Your Mind

LEAVE A REPLY Cancel reply

Get in Touch

Recommend for You

Oh hi there It’s nice to meet you.

Subscribe and receive our weekly newsletter packed with awesome articles that really matters to you!

You might also like

EDITOR PICKS

POPULAR POSTS

POPULAR CATEGORY

About Us

Follow Us

Support Us & Be a Patreon

Add QNewsHub to your Homescreen!

Oh hi there
It’s nice to meet you.