ROSELAND, NJ--(Marketwired - Jul 31, 2013) - 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.
July 2013 Report Highlights*
View the ADP National Employment Report Infograph at www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment: 200,000
- By Company Size
- Small businesses: 82,000
- 1-19 employees 51,000
- 20-49 employees 31,000
- Medium businesses: 60,000
- Large businesses: 57,000
- 500-999 employees 7,000
- 1,000+ employees 50,000
- By Sector
- Goods producing 22,000
- Service providing 177,000
- Industry Snapshot
- Construction 22,000
- Manufacturing -5,000
- Trade/transportation/utilities 45,000
- Financial activities 4,000
- Professional/business services 49,000
* Sum of components may not equal total, due to rounding.
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," said Carlos A. Rodriguez, president and chief executive officer of ADP. "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."
Mark Zandi, chief economist of Moody's Analytics, said, "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."
To see Chart 1. Change in Total Nonfarm Private Employment, please click here: http://media.marketwire.com/attachments/201307/MOD-174998_Chart1.ChangeinTotalNonfarmPrivateEmployment.jpg
To see Chart 2. Historical Trend -- Change in Total Nonfarm Private Employment, please click here: http://media.marketwire.com/attachments/201307/MOD-174999_Chart2.HistoricalTrendChangeinTotalNonfarmPrivateEmployment.jpg
To see Chart 3. Change in Nonfarm Private Employment by Selected Industry, please click here: http://media.marketwire.com/attachments/201307/MOD-175000_Chart3.ChangeinNonfarmPrivateEmploymentbySelectedIndustry.jpg
To see Chart 4. Change in Nonfarm Private Employment by Company Size, please click here: http://media.marketwire.com/attachments/201307/MOD-175001_Chart4.ChangeinNonfarmPrivateEmploymentbyCompanySize.jpg
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.
The matched sample used to develop the ADP National Employment Report was derived from ADP payroll data, which represents 416,000 U.S. clients employing nearly 24 million workers in the U.S.
ADP Small Business Report®:
Due to the important contribution that small businesses make to economic growth, employment data that are specific to businesses with 49 or fewer employees is reported each month in the ADP Small Business Report®, a subset of the ADP National Employment Report.
June 2013 Small Business Report Highlights*
Total Small Business Employment: 82,000
- By size:
- 1-19 employees 51,000
- 20-49 employees 31,000
- By sector for 1-49 employees:
- Goods producing 16,000
- Service providing 67,000
- By sector for 1-19 employees:
- Goods producing 11,000
- Service providing 39,000
- By sector for 20-49 employees:
- Goods producing 4,000
- Service providing 27,000
* Sum of components may not equal total, due to rounding.
Additional information about small business employment, including charts on monthly job growth and employment levels along with historical data, is available at www.adpemploymentreport.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 2013 ADP National Employment Report will be released at 8:15 a.m. ET on September 4, 2013.
About the ADP National Employment Report®
The ADP National Employment Report® is a monthly measure of the change in total U.S. nonfarm private employment derived from actual, anonymous payroll data of client companies served by ADP®, a leading provider of human capital management solutions. The report, which measures nearly 24 million U.S. workers, is produced by the ADP Research Institute®, a specialized group within the company that provides insights around employment trends and workforce strategy, in collaboration with Moody's Analytics, Inc.
Each month, ADP issues the ADP National Employment Report as part of the company's commitment to adding deeper insights into the U.S. labor market and providing businesses, governments and others with a source of credible and valuable information. The ADP National Employment Report is broadly distributed to the public each month, free of charge.
The ADP Small Business Report is a monthly estimate of private nonfarm employment among companies in the U.S. 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 model used to create this report, please see "ADP National Employment Report: Development Methodology" at www.adpemploymentreport.com/docs/ADP-NER-Methodology-Full-Detail.pdf.
About Moody's Analytics
Moody's Analytics helps capital markets and risk management professionals worldwide respond to an evolving marketplace with confidence. The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research and financial risk management. By providing leading-edge software, advisory services and research, including the proprietary analysis of Moody's Investors Service, Moody's Analytics integrates and customizes its offerings to address specific business challenges. Moody's Analytics is a subsidiary of Moody's Corporation (NYSE: MCO), which reported revenue of $2.3 billion in 2011, employs approximately 6,500 people worldwide and has a presence in 28 countries. Further information is available at www.moodysanalytics.com.
About ADP
With more than $10 billion in revenues and more than 60 years of experience, ADP® (NASDAQ: ADP) serves approximately 600,000 clients in more than 125 countries. As one of the world's largest providers of business outsourcing and human capital management solutions, ADP offers a wide range of human resource, payroll, talent management, tax and benefits administration solutions from a single source, and helps clients comply with regulatory and legislative changes, such as the Affordable Care Act (ACA). 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.
The ADP logo, ADP, ADP National Employment Report, ADP Small Business Report, and the ADP Research Institute are registered trademarks of ADP, Inc.
Copyright © 2013, ADP, Inc.