New jobs report shows salary increases are nearly on par with inflation – BenefitsPro

by | Sep 9, 2022 | Jobs

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A new report from ADP suggests that employers are continuing to add jobs – though fewer new employees were added to the payroll in August compared to July. According to the ADP National Employment Report, while there were 270,000 new jobs added to the economy in July, only 132,000 jobs were added in August, representing a reduction in growth of over 50%. 
The new jobs push total employment in the private sector to 121,571,000, exceeding pre-pandemic levels for the first time. Still, not all industries have seen equal job gains. For instance, while the leisure and hospitality field added 96,000 new jobs, there was actually a reduction of around 20,000 jobs within the financial services sector. 

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