Private businesses in the US added 54K jobs in August 2025, following an upwardly revised 106K in July and below forecasts of 65K. Leisure and hospitality and construction performed well despite a broader slowdown in hiring. The service-providing sector added 42K, led by leisure/hospitality (50K), professional/business (15K) and information (7K) while job losses occurred in trade/transportation/utilities (-17K), education/health (-12K) and financial activities (-2K).The goods-producing sector added 13K jobs due to construction (16K) and natural resources/mining (4K) while manufacturing shed 7K jobs. "The year started with strong job growth, but that momentum has been whipsawed by uncertainty. A variety of things could explain the hiring slowdown, including labor shortages, skittish consumers, and AI disruptions", said Dr. Nela Richardson, chief economist, ADP. Meanwhile, pay gains were little changed, with annual pay growth at 4.4% for job-stayers and 7.1% for job-changers.
作者：Joana Taborda，文章来源tradingeconomics，版权归原作者所有，如有侵权请联系本人删除。
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