U.S. Economy Added 200,000 Private-Sector Jobs in July, According to ADP National Employment Report

[mahatmakanejeeves]

Last edited Fri Aug 2, 2013, 08:43 AM - Edit history (2)

Source: Automatic Data Processing, Inc. (ADP®)

ROSELAND, N.J. – July 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.
....

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.”





Read more: http://www.adpemploymentreport.com/2013/July/NER/NER-July-2013.aspx

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Good morning, Freepers and DUers alike. I especially welcome viewers from across the aisle. Please, everyone, put aside your differences long enough to digest the information. After that, you can engage in your usual donnybrook.

What is important about these statistics is not so much this month’s number, but the trend. So let’s look at some earlier numbers.

BLS, for employment in April 2013:

April payroll employment increases by 165,000; unemployment rate changes little (7.5%)
http://www.democraticunderground.com/111634764

ADP, for employment in April 2013:

http://www.democraticunderground.com/1014470978
US Economy Added 119000 Private-Sector Jobs in April, According to ADP National Employment Report

BLS, for employment in March 2013:

http://www.democraticunderground.com/1014445294
March payroll employment edges up (+88,000); unemployment rate changes little (7.6%)

ADP, for employment in March 2013:

http://www.democraticunderground.com/1014442827
U.S. Economy Added 158,000 Private-Sector Jobs in March, According to ADP National Employment Report

BLS, for employment in February 2013:

http://www.democraticunderground.com/1014419050
February payroll employment rises (+236,000); unemployment rate edges down (7.7%)

ADP, for employment in February 2013:

http://www.democraticunderground.com/111631869
U.S. Economy Added 198,000 Private-Sector Jobs in February, According to ADP Employment Report

BLS, for employment in January 2013:

http://www.democraticunderground.com/1014387295
January payroll employment rises (+157,000); jobless rate essentially unchanged (7.9%)

ADP, for employment in January 2013:

http://www.democraticunderground.com/1014384927
U.S. Economy Added 192,000 Private-Sector Jobs in January, According to ADP National Employment Repo

One more thing:

So how many jobs must be created every month to have an effect on the unemployment rate? There's an app for that:

Federal Reserve Bank of Atlanta Jobs Calculator™
http://www.frbatlanta.org/chcs/calculator/index.cfm

Well, enough of that. On with the show.

(Edited to get the comments down to a semblance of a reasonable size)

[RC]

1. The number of just jobs doesn't mean that much when

most of them are not Living Wage, with few or no benefit jobs.
Where are the charts/links for showing hourly wages/benefits for all those new jobs? The focus in always on the job numbers themselves and not wages paid, nor any benefits received.

[bhikkhu]

3. If you google "bls summary" usually that will give you the latest

they publish once a month.

The most recent data from the Bureau of Labor Statistics is for June, and the relevant paragraph is at the end:

"In June, average hourly earnings for all employees on private nonfarm
payrolls rose by 10 cents to $24.01. Over the year, average hourly
earnings have risen by 51 cents, or 2.2 percent. In June, average
hourly earnings of private-sector production and nonsupervisory
employees increased by 5 cents to $20.14. (See tables B-3 and B-8.)"

http://www.bls.gov/news.release/empsit.nr0.htm

[jtuck004]

5. If Bill gates walks into a bar with 3 unemployed people sitting on the stools

and a bartender making $10/hr, on average, everyone in there is a billionaire

It's best to pay attention to the details, eh?

Part-time jobs are outpacing full time jobs for only the third time in history, here (Ignore the garbage about the ACA, he's a sales guy with a pretty clear agenda (which I prefer to enemies that pretend they are on your side) But the info from the charts is from the St Louis Fed and the BLS, and it's easier than stepping through all their data gathering stuff)


a little closer view



Here.

Nothing on the horizon to reverse that trend, other than wishes and dreams...

[RC]

6. Yes, the details. That's what I was trying to say.

The lie by telling the truth.

[UrbScotty]

2. Impeachment NOW!! ;-)

[Jesus Malverde]

4. I hope the trend continues...nt

[quadrature]

7. divide by two...

to get the equivalent number
of old-time jobs