ADP Employment Surges By The Most In 5 Months

ADP reports the US economy added 237,000 jobs in August, notably more than the expected 185k. This is the biggest addition since March, and follows upward revisions for July. While Services dominated (adding 204k), Goods-producing jobs rose 33k (with manufacturing adding 16k).
Medium- and Large-seized firms added the most jobs in August.
Manufacturing added 16,000 jobs in August….

This post was published at Zero Hedge on Aug 30, 2017.