ADP Jobs Report Brings Puzzle on Education/Health -- Market Talk
Dow Jones
Sep 04
0956 ET - Economist Omair Sharif notes a surprising result in the August private-payrolls data from ADP: The private education/health sector--without any seasonal adjustment--shed a net 50,000 jobs last month, the worst result ever for the sector. Typically, it adds about 35,000 jobs in August, Sharif notes. "It is hard to explain the collapse, " he writes. Data from the JOLTS report, released Wednesday to show data through July, indicated broad stability in this sector over the past year, so the apparent sudden decline is confusing. The official August jobs figures from the Labor Department, due Friday morning, may provide more of a clue. (matt.grossman@wsj.com; @mattgrossman)
(END) Dow Jones Newswires
September 04, 2025 09:56 ET (13:56 GMT)
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