US private payroll growth slows in August as manufacturing sheds jobs

The ADP report is jointly developed with the Stanford Digital Economy Lab, and was published ahead of the Bureau of Labor Statistics' more comprehensive and closely watched employment report for August on Friday. ADP has been a poor gauge of the BLS' private payrolls estimate.

The BLS reported on Tuesday that there were 1.05 open jobs for every unemployed person in July, little changed from June and consistent with stable labor market conditions. Though economists continue to view the labor market as remaining in a "slow-hire, slow-fire" state, momentum has slowed since the spring surge.

Private payrolls likely increased by 45,000 jobs in August after rising by 30,000 in July, according to a Reuters survey of economists. Nonfarm payrolls are expected to have rebounded by 56,000 jobs last month after a surprise decline of in July. That rebound would partly reflect a recovery in local government education payrolls.