Private payrolls rose by 38,000 in August, less than expected, ADP reports

Private U.S. companies added jobs at a slightly slower-than-expected pace in August, with gains concentrated heavily in healthcare and a few other industries, ADP reported Wednesday.The payrolls processing firm said firms added 38,000 workers, fewer than the upwardly revised 46,000 in July and below the Dow Jones consensus estimate for 47,000. Though job creation held positive, August was the smallest gain since January and reflective of a broader slowdown in the labor market. Moreover, most of the jobs came from three sectors, with multiple others showing declines.Education and health services added 45,000 to lead all categories, with the latter group being at the forefront of employment growth. Leisure and hospitality added 16,000 positions and construction was up 12,000. Outside of that, though, there were few growth areas.Manufacturing lost 17,000 jobs, professional and business services was off 16,000, and both natural resources and mining as well as trade, transportation and utilities reported declines of 5,000. Almost all of the gains came from big business, with companies employing 500 or more workers adding 34,000 while those with fewer than 50 employees rose by 3,000.ADP'...