ADP · News · 20260903N
Macroeconomic Factors Impact
AUTOMATIC DATA PROCESSING INC · 2026-09-03 · Importance 20 · Surprise 24
ADP’s August 2026 National Employment Report showed U.S. private-sector employment increasing by 38,000 jobs, the slowest pace since January and below the 47,000 economist expectation. The report indicates that hiring momentum weakened during the summer, potentially pressuring demand for ADP’s employer services and professional employer organization offerings. ADP’s Pay Insights data showed base pay rising 3.2% year over year and gross pay increasing 4.7%, with wage growth decelerating over the past four years. Canadian data covering 1.6 million anonymized workers showed job changers receiving a 2.6% base-pay increase and a 5.2% gross-pay increase relative to job stayers.