The private sector added 195,000 jobs in August, surpassing economists' expectations of 140,000 jobs, according to a report released Thursday by ADP and Moody's Analytics.

Why it matters: The labor market — largely viewed as the steadiest part of the economy — appears to remain intact. The ADP report, which doesn't include government jobs, is viewed as as a tee-up of what's to come from the official jobs release from the Bureau of Labor Statistics on Friday.

  • What they're saying: "Businesses are holding firm on their payrolls despite the slowing economy. Hiring has moderated, but layoffs remain low. As long as this continues recession will remain at bay," Mark Zandi, chief economist of Moody’s Analytics, said in a release.

Go deeper: The results from last month's jobs report

Go deeper

Updated 13 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 6 p.m. ET: 13,026,225 — Total deaths: 570,924 — Total recoveries — 7,188,992Map.
  2. U.S.: Total confirmed cases as of 6 p.m. ET: 3,346,246— Total deaths: 135,512 — Total recoveries: 1,006,326 — Total tested: 40,282,176Map.
  3. World: WHO head: There will be no return to the "old normal" for the foreseeable future — Hong Kong Disneyland closing due to surge.
  4. States: Houston mayor calls for two-week shutdownCalifornia orders sweeping rollback of open businesses — Cuomo says New York will use formula to determine if reopening schools is safe.
  5. Education: Los Angeles schools' move to online learning could be a nationwide tipping point.

House Judiciary Committee releases transcript of Geoffrey Berman testimony

Geoffrey Berman. Photo: Alex Wong/Getty Images

The House Judiciary Committee on Monday released the transcript of its closed-door interview with Geoffrey Berman, the former top federal prosecutor in Manhattan who was forced out by Attorney General Bill Barr last month.

Why it matters: House Democrats have seized on Berman's testimony, in which he claimed the attorney general sought to "entice" him into resigning so that he could be replaced by SEC chairman Jay Clayton, to bolster allegations that the Justice Department has been politicized under Barr.

The nationwide K-12 tipping point

Photo: Karen Ducey/Getty Images

The doors of public schools are swiftly slamming shut for many Americans ahead of this next school year.

Driving the news: Los Angeles and San Diego are starting out online-only this fall, forcing 825,000 students to learn with a laptop.