A short time ago, ADP reported that U.S. private sector employment fell by 10,000 in August, the first monthly decline since January. Shown below are the changes in employment for goods-producing industries where job losses have accelerated since the spring.
This bolsters the case that Friday’s nonfarm payrolls report from the Labor Department is likely to produce a six figure number with a minus sign in front of it after laid off Census workers and cutbacks in state and local government jobs are included in the mix.
