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ADP National Employment Report increased by 91,000
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Private-sector employment increased by 91,000 from July to August on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. The ADP National Employment Report, created by Automatic Data Processing, Inc. (ADP®), in partnership with Macroeconomic Advisers, LLC, is derived from actual payroll data and measures the change in total nonfarm private employment each month. The estimated advance in employment from June to July was revised down modestly to 109,000, from the initially reported 114,000.
According to today’s ADP National Employment Report, employment in the nonfarm private business sector rose 91,000 from July to August on a seasonally adjusted basis. Employment in the private, service-providing sector rose 80,000 in August, down from increases that averaged 115,000 per month over the prior two months. Employment in the private goods-producing sector rose 11,000 in August, while manufacturing employment slipped by 4,000.
This month’s jobs figures show modest job creation. Small businesses continued to add the most jobs – more than half of the total of 91,000 – with positive growth for the 21st straight month, and an average of 71,000 jobs a month for the past year. The professional business services, education and healthcare sectors also added jobs, though at a lower overall level than last month.
Today’s ADP National Employment Report suggests that the trend in employment moderated somewhat in August at a pace below what would be consistent with a stable unemployment rate.
Employment on medium payrolls—those with 50 to 499 workers—rose 30,000 and employment on large payrolls—those with 500 or more workers—rose a smaller 3,000. Employment in the construction industry rose 7,000 in August, following three consecutive monthly declines. Employment on small payrolls—those with up to 49 workers—rose 58,000 in August, nearly equal to job creation among small businesses last month.
Posted: August 31, 2011 Wednesday 08:15 AM