August 1, 2007
Private employment slowing says ADP
By Matthew L. Brown
According to Automatic Data Processing (ADP), non-farm private employment grew 48,000 from June to July 2007 on a seasonally adjusted basis.
ADP, one of the world's largest payroll companies, released its national employment report today. The company said the report suggests a deceleration of employment.
The three-month average change in non-farm private employment from May to July is 96,000, which is very close to the report's year-to-date average monthly employment change of 91,000.
In July, employment in the service-providing sector of the economy grew a moderate 89,000, while employment in the goods-producing sector declined 41,000. This marks the eighth consecutive monthly decline in the goods-producing sector. Employment in the manufacturing sector declined 23,000.
Small and medium-size businesses accounted for the lion's share of the increase in total employment in July. Employment among these businesses advanced by 61,000 during the month. In contrast, employment among large businesses fell by 13,000 in July, the second consecutive monthly decline.
ADP, one of the world's largest payroll companies, released its national employment report today. The company said the report suggests a deceleration of employment.
The three-month average change in non-farm private employment from May to July is 96,000, which is very close to the report's year-to-date average monthly employment change of 91,000.
In July, employment in the service-providing sector of the economy grew a moderate 89,000, while employment in the goods-producing sector declined 41,000. This marks the eighth consecutive monthly decline in the goods-producing sector. Employment in the manufacturing sector declined 23,000.
Small and medium-size businesses accounted for the lion's share of the increase in total employment in July. Employment among these businesses advanced by 61,000 during the month. In contrast, employment among large businesses fell by 13,000 in July, the second consecutive monthly decline.
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