Connect With PPD
Follow Us:
Economy

ADP National Employment Report Beats Expectations in July

Job seekers wait to meet with employers at a career fair in New York City, October 24, 2012. (Photo: Reuters)

The ADP National Employment Report shows the U.S. private sector created 178,000 jobs in July, beating the median forecast. There was also a sharp 33,000 upward revision to June, which is now at 191,000.

“Job gains continued to be strong in the month of July,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “However, as the labor market tightens employers may find it more difficult to recruit qualified workers.”

Manufacturing, which had been bouncing back, had a down month in July, losing 4,000 jobs. Constructions, which had been down last month, returned to positive growth, at 6,000. Natural Resources & Mining added 3,000.

“The American job machine continues to operate in high gear,” Mark Zandi, chief economist of Moody’s Analytics said. “Job gains are broad-based across industries and company sizes, with only manufacturers reducing their payrolls. At this pace of job growth, unemployment will continue to quickly decline.”

The service-providing sector added 174,000, with the largest number of jobs (24,000) being created in Trade/Transportation/Utilities.

Small businesses (1-49 employees) created 50,000 jobs, mid-size (50-499) created 83,000 and large (500+) created 45,000 jobs.

READ FULL STORY

SubscribeSign In
Richard D. Baris

Rich, the People's Pundit, is the Data Journalism Editor at PPD and Director of the PPD Election Projection Model. He is also the Director of Big Data Poll, and author of "Our Virtuous Republic: The Forgotten Clause in the American Social Contract."

Share
Published by
Richard D. Baris

Recent Posts

Media’s Worst Russian Collusion Sins May Soon Be Repeated

The most damning journalistic sin committed by the media during the era of Russia collusion…

1 year ago

Study: Mask-Mandates and Use Not Associated With Lower Covid-19 Case Growth

The first ecological study finds mask mandates were not effective at slowing the spread of…

3 years ago

Barnes and Baris on Big Tech’s Arbitrary Social Media Bans

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…

3 years ago

Barnes and Baris on Why America First Stands With Israel

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…

3 years ago

Personal Income Fell Significantly in February, Consumer Spending Weaker than Expected

Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…

4 years ago

Study: Infection, Vaccination Protects Against Covid-19 Variants

Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…

4 years ago

This website uses cookies.