Hiring: U.S. companies added jobs at a modest pace last month, a private survey found, a sign that while hiring continues, it is only soaking up a relatively small proportion of the unemployed. Payroll processor ADP said this morning that businesses added 428,000 jobs in August, a figure that before the pandemic would have represented a healthy gain. But the increase represents a small slice of the 12 million jobs that have been lost to the spread of the coronavirus. ADP said the bulk of the gains were at large companies, which added 298,000 jobs. Small businesses with less than 50 employees gained just 52,000 positions, while medium-sized firms—with between 50 and 499 employees—added 79,000 jobs. Read the full report.
Deep dive: Tomorrow beginning at 9 a.m., LABI is hosting the first virtual seminar of The IMPACT “Continuing Education Series for Legal, Policy and Political Professionals,” presented by Dow. The first seminar in the series will be a deep dive into this year’s tort reform efforts and will include panel discussions with key legislators and business owners, as well as presentations from legal experts. See the first seminar’s full agenda and register here. Registration costs $75.
Nominate a business: LABI is taking nominations for its annual Free Enterprise Awards, which honor members who demonstrate exemplary commitment to the state’s business climate and who play an integral role in their local communities’ growth and sustainability. All LABI members are eligible and the selection committee will determine winners based on the content of the application materials. You can make nominations here.