<h2 class="topline-heading">Topline</h2><p>Employment in the U.S. private sector declined again in August, according to a report released Thursday by private payroll processing firm ADP, the latest signal of job market growth cooling as President Donald Trump awaits unemployment data amid a push for interest rate cuts. </p><figure class="embed-base image-embed embed-0" role="presentation"><div class="image-embed__placeholder"><img src="https://specials-images.forbesimg.com/imageserve/68b991a20129519231aedf9f/U-S--Economy-Adds-253-000-Jobs-In-April--Unemployment-Rates-Drops-To-3-4-Percent/960x0.jpg?cropX1=0&amp;cropX2=3000&amp;cropY1=49&amp;cropY2=1737" alt="U.S. Economy Adds 253,000 Jobs In April, Unemployment Rates Drops To 3.4 Percent" width="100%" height="auto"></div><div style="--article-bg-color:#faf3f1"><div class="bMqrj"><div class="Jp--BF7-"><span style="-webkit-line-clamp:2" class="Ccg9Ib-7 _8XF2kHYM">The year started with “strong job growth,” though momentum has been “whipsawed by uncertainty,” economists said in a report.</span></div><small class="pGGCM2aD">Getty Images</small></div></div></figure>

<div class="key-facts-element"><p>Private sector employment increased by 54,000 jobs in August, ADP <a href="https://mediacenter.adp.com/2025-09-04-ADP-National-Employment-Report-Private-Sector-Employment-Increased-by-54,000-Jobs-in-August-Annual-Pay-was-Up-4-4" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://mediacenter.adp.com/2025-09-04-ADP-National-Employment-Report-Private-Sector-Employment-Increased-by-54,000-Jobs-in-August-Annual-Pay-was-Up-4-4" data-ga-track="ExternalLink:https://mediacenter.adp.com/2025-09-04-ADP-National-Employment-Report-Private-Sector-Employment-Increased-by-54,000-Jobs-in-August-Annual-Pay-was-Up-4-4" aria-label="reported">reported</a>, falling well below July’s 106,000 added jobs and consensus economist estimates of 85,000, according to FactSet.</p></div>

The year started with “strong job growth,” though momentum has been “whipsawed by uncertainty,” economists said in a report.{ai:summary}<p>ADP: U.S. private payrolls rose 54,000 in August, below July’s 106,000 and analysts’ ~85,000 estimate.</p><p>The report signals cooling job growth as Trump awaits unemployment data and a push for rate cuts.

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Labor Market Hits Brakes As Private Hiring Slows

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