The US private sector added only about 54,000 jobs in August, according to figures released just moments ago by ADP, after adding about 104,000 jobs in June. Expectations were for an increase of 73,000.
In detail, the natural resources and mining sector added about 4,000 jobs, the construction sector added about 6,000 jobs, and the leisure and hospitality sector added 50,000 jobs. Employment in the trade, transportation, and utilities sector declined by 17,000 jobs, and the manufacturing sector declined by 7,000 jobs.