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ADP National Employment Report increased by 13,000
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According to today’s ADP National Employment Report®, private sector employment increased by 13,000 from May to June on a seasonally adjusted basis. 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.
Nonfarm private employment increased 13,000 from May to June 2010 on a seasonally adjusted basis, according to the ADP National Employment Report. June’s rise in private employment was the fifth consecutive monthly gain. However, over these five months the increases have averaged a modest 34,000. Recent ADP Report data suggest that, following steady improvement through April, private employment may have decelerated heading into the summer. The slow pace of improvement from February through June is consistent with other publicly available data, including a pause in the decline of initial unemployment claims that occurred during the winter months.
June’s ADP Report estimates nonfarm private employment in the service-providing sector rose by 30,000. Employment in the goods-producing sector declined 17,000 during June. However, while construction employment dropped 35,000, manufacturing employment rose 16,000, the fifth consecutive monthly increase.
Large businesses, defined as those with 500 or more workers, saw employment increase by 3,000 and employment among medium-size businesses, defined as those with between 50 and 499 workers increased by 11,000. Employment among smallsize businesses, defined as those with fewer than 50 workers, decreased by 1,000 in June.
Posted: June 30, 2010 Wednesday 08:15 AM