The federal government won’t release its August jobs report until Friday, but a payroll processing firm says the country added 201,000 private-sector jobs last month.
New Jersey-based Automatic Data Processing, or ADP, released its estimate on Thursday, which, if accurate, would improve on the 163,000 jobs added in July and would be the best monthly total since 259,000 jobs were created in February.
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Economists have predicted that the August job numbers from the U.S. Bureau of Labor Statistics will show that only about 140,000 jobs were created last month.
A jobs report similar to the one released by ADP could provide momentum for President Obama following his speech Thursday night at the Democratic National Convention, while numbers similar to or worse than July’s totals could provide fuel for the Romney campaign.
