While August created a lower number of jobs than July, an addition of 176,000 is still a step in the right direction. According to payroll processor ADP, which measures employment using payroll data, jobs have been created largely in the goods producing and manufacturing industries. Yahoo Finance had predicted that 210,000 jobs would be produced in August.
The largest industries of growth for job creation were, service providing industries, with 165,000 jobs created. Professional and business services with 50,000. Trade, transportation and utilities added 40,000 jobs.
ADP states that the job increase is consistent with the growth in jobs over the past 12 months. The government has noticed the increase in jobs, saying that initial jobless claims dropped by 9,000. Creating jobs in the past couple years has been fairly stagnant in Massachusetts, these encouraging numbers will hopefully turn that trend around.
