ADP: 177,000 Jobs Added in August

Construction contracts, small businesses see growth. The U.S. economy added 177,000 private, non-farm jobs in August, according to the monthly employment report released today by payroll-management firm ADP and its partner Moody's Analytics. The seasonally adjusted number reflects a modest decrease from July's upward-revised gain of 194,000 jobs, and marks a nearly 12 percent drop from August 2015, when 201,000 new jobs were added. Moody's Analytics chief economist Mark Zandi remains bullish about employment and the economy overall, however.

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