Average weekly U.S. private payrolls increased by 11,750 jobs in the four weeks ending August 8, preliminary ADP Research data showed. The gain follows a prior week’s rise of 9,500, marking a second consecutive period of expansion.
The latest figures contrast with July’s labor market performance, when private-sector employment unexpectedly declined. The Labor Department separately revised May and June payrolls lower by 103,000 roles, reducing the previously reported gains.
ADP’s monthly private employment report showed job growth of 44,000 in July, down from 95,000 in June. The monthly report is considered a less comprehensive indicator compared with the Labor Department’s nonfarm payrolls release.
Investors are monitoring labor market trends as a key input for Federal Reserve policy decisions. The central bank has prioritized inflation control, with recent price pressures linked in part to energy market volatility stemming from geopolitical tensions in the Middle East.
