Recent turmoil in the global financial market has not yet slowed U.S. job gains in the private sector. Employment rose by 190,000 jobs from July to August, according to the economic report released today by payroll-processing company ADP and its partner Moody's Analytics. The figure is up from the downwardly revised monthly increase of 177,000 jobs added in July.
"The job growth numbers for August improved slightly from July,” said ADP president and CEO Carlos Rodriguez in a press release. “The employment gains for the month are in line with the year-to-date average.”
In August, the construction industry rose by 17,000 jobs, a figure slightly above July’s addition of 15,000 but below the year-to-date average of 22,000 jobs added. The manufacturing industry added 7,000 jobs, a considerable jump from July’s downwardly revised increase of 1,000 jobs. Meanwhile, professional and business services, a category that encompasses architecture and engineering firms, posted an increase of 29,000 jobs, up from the previous month's increase of 26,000.
The U.S. Bureau of Labor Statistics is scheduled to release its July jobs report on Friday, which will provide more specific details about job growth in the architecture, engineering, and construction market.