ADP estimates that US private employment increased at an average pace of 16.25k per week in the four weeks to August 29th, up from a pace of 12.25k in the four weeks to August 22nd.

• This week continues the trend of a reacceleration in the pace of hiring and is the fastest since the week of July 4th.
• There was a slight upward revision in the previous week's Pulse data point, from 12,000 to 12,250.