Private sector employment increased by 42,000 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.
Nonfarm Private Employment Highlights -- July
Report:
-- Total employment: +42,000
-- Small businesses* +21,000
-- Medium businesses** +21,000
-- Large businesses*** 0
-- Goods-producing sector: -21,000
-- Service-providing sector: 63,000
Addendum:
-- Manufacturing industry: -6,000
* 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.
"Today's ADP National Employment Report shows continued weakness
in the jobs market, which is in part caused by the uncertainty in
the economy and general business climate," said Gary Butler, CEO of
ADP. "American businesses are on the cusp of recovery, but more
effective incentives are needed to encourage business investment
resulting in the creation of more jobs."
According to Joel Prakken, Chairman of Macroeconomic Advisers,
LLC, "July's rise in private employment was the sixth consecutive
monthly gain. However, over those six months increases have
averaged a modest 37,000, with no evidence of acceleration."
Prakken added, "Unlike the estimate of total establishment
employment to be released on Friday by the Bureau of Labor
Statistics (BLS), today's figure does not include the effects of
federal hiring -- and now firing -- for the 2010 Census. Hiring for
the census peaked in May. For this reason, Friday's figure for the
change in nonfarm total employment reported by the BLS might be
weaker than today's estimate for nonfarm private employment in the
ADP Report."
"July's ADP Report estimates nonfarm private employment in the
service-providing sector rose by 63,000. Employment in the
goods-producing sector declined 21,000 during July. Manufacturing
employment declined by 6,000, the first decrease in six months.
Construction employment dropped 17,000, the smallest decline since
November 2007," said Prakken.
Prakken went on to say, "Large businesses, defined as those with
500 or more workers, saw employment remain flat and employment
among medium-size businesses, defined as those with between 50 and
499 workers increased by 21,000. Employment among small-size
businesses, defined as those with fewer than 50 workers, increased
by 21,000 in July."
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 will be reported in the ADP Small Business
Report® each month. The ADP Small Business Report is a subset of
the ADP National Employment Report.*
- Total small business employment: +21,000
- Goods-producing sector: -8,000 small business jobs
- Service-providing sector: +29,000 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.
Private employment among small businesses increased by 21,000 in
July, according to the ADP Small Business Report released today.
Additional information about small business employment, including
charts on monthly job growth and employment levels, along with
historical data, is available at
http://www.smallbusinessreport.adp.com.
"Small businesses, defined as those with fewer than 50 workers,
saw employment increase by 21,000 during July. Small business
employment in the service-providing sector increased by 29,000, the
seventh consecutive monthly increase," said Joel Prakken.
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 e-mail alerts and RSS feeds, please visit
www.ADPemploymentreport.com. The August 2010 ADP National
Employment Report will be released September 1, 2010 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 nearly $9 billion in revenues and about 570,000
clients, is one of the world's largest providers of business
outsourcing solutions. Leveraging 60 years of experience, ADP
offers the widest range of HR, 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 and
recreational vehicle 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 Web site, www.MacroAdvisers.com.
The ADP National Employment Report and ADP Small Business Report
are registered trademarks of ADP, Inc.
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Media Contacts: ADP Public Relations ADP (973)
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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