Job Growth Cooled A Bit In August, Report Signals | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

Job Growth Cooled A Bit In August, Report Signals

There were 176,000 more jobs on private employers' payrolls in August than the month before, according to the latest ADP National Employment Report.

That's slightly slower growth than the 198,000 gained from June to July. But Mark Zandi, chief economist of Moody's Analytics, says in the ADP report that "it is steady as she goes in the job market. Job gains in August were consistent with increases experienced over the past two-plus years." Moody's works with ADP, a payroll processor, to produce the monthly report.

The ADP report is released each month just before the Bureau of Labor Statistics' latest figures on the labor market. Economists expect to hear on Friday that BLS estimates there were 170,000 to 180,000 jobs added to payrolls last month, which would be a bit better than that survey's initial estimate of job growth in July (162,000 more jobs). The U.S. unemployment rate is expected to remain around July's 7.4 percent.

Also Thursday morning, the Employment and Training Administration reported there were 323,000 first-time claims for jobless benefits filed last week. That was down by 9,000 from the week before and kept claims near their lowest level since January 2008.

Copyright 2013 NPR. To see more, visit http://www.npr.org/.

NPR

Are DVD Box Sets A Dying Business? Studios Hope The Answer Is 'Not Yet'

As viewers turn to streaming sites to watch old TV shows, studios are issuing new DVD box sets of classic shows to a shrinking market. Critic Dave Bianculli suggests a few sets that are worth buying.
NPR

America's Elite Cows Don't Give Birth — Their Surrogates Do

Implanting cows with the embryos of genetically superior heifers is big business these days. It's helping elite cattle breeders and beef and dairy producers spread U.S. cow genetics around the globe.
NPR

5 Things You Should Know About Martin O'Malley

His announcement is quintessentially Baltimore with a venue well-known to area residents and the addition of a well-known local group, the Kelly Bell Band, booked as entertainment.
NPR

Silk Road Founder Ross Ulbricht Sentenced To Life In Prison

Ulbricht had faced at least 20 years in prison, but federal prosecutors had sought a "substantially" longer sentence for the creator of the shadowy online marketplace.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.