Stock Market Update
02-Sep-26 08:20 ET
August ADP Employment Change Report
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +1.00. Nasdaq futures vs fair value: -38.00.
The S&P 500 futures currently trade one point above fair value.
The August ADP Employment Change Report showed private payrolls increasing by 38,000 (Briefing.com consensus: 47,000), while the prior month's increase was revised to 46,000 from 44,000.
Goods-producing industries shed 10,000 jobs, while service-providing industries added 48,000. According to ADP Pay Insights, base pay for private-sector workers increased 3.2% year-over-year, while gross pay rose 4.7%. Base pay increased 3.0% for job-stayers and 4.7% for job-changers, while gross pay rose 4.4% and 7.3%, respectively.
