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ADP National Employment Report increased by 200,000
Private-sector employment increased by 200,000 jobs from June to July, according to the July ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP®, a leading provider of human capital management solutions, in collaboration with Moody’s Analytics. The report is derived from ADP’s actual payroll data and measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. June’s job gain was revised upward from 188,000 to 198,000.
Goods-producing industries added 22,000 jobs in July. Construction payrolls rose by 22,000 in July, while manufacturing payrolls declined by 5,000.
Service-providing industries added 177,000 jobs in July, the largest gain since last November. Gains were broad-based across industries, with professional/business services adding 49,000 jobs over the month. Trade/transportation/utilities services contributed 45,000 jobs, while financial activities showed a modest gain of 4,000 jobs, down from the 10,000 jobs added in June.
The U.S. private sector added a total of 200,000 jobs during the month of July, with businesses of all sizes contributing to the overall gain and small businesses generating the greatest share, just as they did in the previous month. Among industries tracked by the ADP National Employment Report, professional/business services showed the largest increase in July with the addition of 49,000 jobs, while construction added 22,000 jobs, a stronger gain than in June.
Job growth remains remarkably stable. Businesses are adding to payrolls in most industries and across all company sizes. The job market has admirably weathered the fiscal headwinds, tax increases and government spending cuts. This bodes well for the next year when those headwinds are set to fade.
Businesses with 49 or fewer employees added 82,000 jobs in July. Employment levels among medium-sized companies with 50-499 employees rose by 60,000, while employment at large companies – those with 500 or more employees – increased by 57,000.
Posted: July 31, 2013 Wednesday 08:30 AM