Private-sector employment increased by 114,000 from June to July 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 May to June was revised down modestly to 145,000, from the
initially reported 157,000.
U.S. Nonfarm Private Employment Highlights - July, 2011 Report:
-- Total employment: +114,000
-- Small businesses:* + 58,000
-- Medium businesses:** + 47,000
-- Large businesses:*** + 9,000
-- Goods-producing sector: -7,000
-- Service-providing sector: +121,000
Addendum:
-- Manufacturing industry: -1,000
* Small businesses represent payrolls with 1-49 employees
** Medium businesses represent payrolls with 50-499 employees
*** Large businesses represent payrolls with more than 499 employees
Note: All data included in the ADP National Employment Report is based on
size of payroll. In some cases, small and medium-size payrolls
belong to businesses employing more workers than indicated by the
size grouping.
According to the ADP Report, employment in the service-providing
sector rose by 121,000 in July, marking 19 consecutive months of
employment gains. Employment in the goods-producing sector
decreased by 7,000 in July, the second decline in three months.
Manufacturing employment decreased 1,000 in July, which has seen
growth in seven of the past nine months.
"Today's report shows modest job creation for the month of July
at a rate of half what is needed for meaningful employment and
economic recovery," said Gary C. Butler, Chief Executive Officer of
ADP. "Construction lost 11,000 jobs this month, and manufacturing
and financial services were nearly flat with losses of 1,000
each.
"However," continued Butler, "the professional business
services, education and healthcare sectors had good growth. Another
bright note is that small businesses showed positive job growth for
the 20th straight month, averaging 69,000 jobs a month for the past
year."
According to Joel Prakken, Chairman of Macroeconomic Advisers,
LLC, "Today's ADP National Employment Report suggests that
employment continued to advance at a moderate pace in July. This
gain of employment growth is moderately above the consensus
forecast for Friday's jobs number from the BLS, and this pace of
job creation usually implies a steady unemployment rate. However,
employment is decelerating. Since February, the three-month percent
change has declined every month, from 0.60% then to 0.27% in
July."
"The slowdown in employment makes more sense in light of last
week's revised GDP numbers showing the economy grew slower late
last year and this year than initially reported," Prakken said.
The matched sample used to develop the ADP National Employment
Report was derived from ADP data, which, during the twelve-month
period through June 2010, averaged over 340,000 U.S. business
clients and represented over 21 million U.S. employees. This
approximately represents the size of the matched sample used this
month.
Small Business Highlights - July Report:
Due to the important contribution small businesses make to economic
growth, employment data that is specific to businesses with fewer
than 50 employees is reported in the ADP Small Business Report®
each month. The ADP Small Business Report is a subset of the ADP
National Employment Report.*
- Total nonfarm private small business employment: 58,000
- Goods-producing sector: -3,000 small business jobs
- Service-providing sector: 61,000 small business jobs
*All size data included in the ADP National Employment Report is
based on size of payroll. In some cases, small and medium-size
payrolls belong to businesses employing more workers than indicated
by the size grouping.
"Employment on small payrolls (up to 49 workers) rose 58,000 in
July, while employment on medium payrolls (50 to 499 workers) rose
47,000. Employment on large payrolls (500 or more workers) rose a
smaller 9,000," Prakken added.
Additional information about small businesses employment,
including charts on monthly job growth and employment levels, along
with historical data, is available at
http://www.smallbusinessreport.adp.com.
To obtain additional information about the ADP National
Employment Report, including additional charts, supporting data and
the schedule of future release dates, or to subscribe to the
monthly email alerts and RSS feeds, please visit
www.ADPemploymentreport.com. The August 2011 ADP National
Employment Report will be released August 31, 2011, at 8:15 AM
ET.
About the ADP National
Employment Report® The ADP National Employment Report®,
sponsored by ADP®, was developed and is maintained by Macroeconomic
Advisers, LLC. It is a measure of employment derived from an
anonymous subset of roughly 500,000 U.S. business clients. During
the twelve month period through June 2010, this subset averaged
over 340,000 U.S. business clients and over 21 million U.S.
employees working in all private industrial sectors. The ADP Small
Business Report is a monthly estimate of private nonfarm employment
among companies in the United States with 1-49 employees and is a
subset of the ADP National Employment Report. The data for both
reports is collected for pay periods that can be interpolated to
include the week of the 12th of each month, and processed with
statistical methodologies similar to those used by the U.S. Bureau
of Labor Statistics to compute employment from its monthly survey
of establishments. Due to this processing, this subset is modified
to make it indicative of national employment levels; therefore, the
resulting employment changes computed for the ADP National
Employment Report are not representative of changes in ADP's total
base of U.S. business clients.
For a description of the underlying data and the statistical
properties of the series, please see "ADP National Employment
Report: Development Methodology" at
http://ADPemploymentreport.com/methodology.aspx.
About ADP Automatic Data Processing, Inc.
(NASDAQ: ADP), with about $10 billion in revenues and approximately
570,000 clients, is one of the world's largest providers of
business outsourcing solutions. Leveraging over 60 years of
experience, ADP offers a wide range of human resource, payroll, tax
and benefits administration solutions from a single source. ADP's
easy-to-use solutions for employers provide superior value to
companies of all types and sizes. ADP is also a leading provider of
integrated computing solutions to auto, truck, motorcycle, marine,
recreational vehicle, and heavy equipment dealers throughout the
world. For more information about ADP or to contact a local ADP
sales office, reach us at 1.800.225.5237 or visit the company's Web
site at www.ADP.com.
About Macroeconomic Advisers, LLC
Macroeconomic Advisers, LLC (MA) has been the most trusted source
for U.S. macroeconomic forecasts and commentary, monetary and
fiscal policy analysis, and econometric modeling for 25 years. MA's
clients include leading financial service firms, nonfinancial
corporations, key policymaking agencies of the U.S. government, as
well as State and Foreign Government agencies. Additional
information on Macroeconomic Advisers, LLC is available on the
company's website, www.MacroAdvisers.com.
The ADP logo, ADP, ADP National Employment Report, and ADP Small
Business Report are registered trademarks of ADP, Inc.
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974-7612 Public_Relations@adp.com Fleishman-Hillard for ADP
Sean Healy (212) 453-2438 (201) 218-2039 mobile
Sean.Healy@Fleishman.com
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