Private payrolls increased by 692,000 in June, beating expectations: ADP

[mahatmakanejeeves]

Source: Yahoo! Finance

Yahoo Finance

Private payrolls increased by 692,000 in June, beating expectations: ADP

Emily McCormick · Reporter
Wed, June 30, 2021, 8:15 AM

Private payrolls rose more than expected in June as businesses sought out more workers to fill job openings present across the recovering economy.

ADP reported Wednesday morning that private payrolls increased by 692,000 in June for a sixth straight monthly rise. Consensus economists were looking for an increase of 600,000, according to Bloomberg consensus data. In May, private employment grew by a 886,000 jobs, according to ADP's downwardly revised print.

Recent economic data has pointed to a labor market still making strides toward recovering, but at a slowing pace compared to the start of the year. New jobless claims, for instance, have popped back above 400,000 per week – a level well off pandemic-era highs, but persistently elevated compared to pre-virus levels.

And purchasing managers' indices from both IHS Markit and the Institute for Supply Management have pointed to slowing improvements in employment after an initial reopening-fueled surge. Employers across industries have reported having trouble finding qualified workers to fill job openings, capping what has otherwise been a strong ramp-up in economic activity.

{snip}

Read more: https://finance.yahoo.com/news/adp-june-private-payrolls-jobs-market-pandemic-economy-recovery-121542029.html

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I'll have the report from ADP®, Automatic Data Processing, coming right up.

[mahatmakanejeeves]

1. From the source, ADP, Automatic Data Processing

JUNE 2021

ADP® National Employment Report™

Private-sector employment increased by 692,000 from May to June, on a seasonally adjusted basis.

Total Employment
Change in Nonfarm Private Employment



Historical Trend
Change in Total Nonfarm Private Employment



Change By Company Size
Change in Total Nonfarm Private Employment by Company Size



{snip}

ADP National Employment Report: Private Sector Employment Increased by 692,000 Jobs in June

ROSELAND, N.J. – June 30, 2021 – Private sector employment increased by 692,000 jobs from May to June according to the June ADP® National Employment ReportTM. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.

{snip}

[twodogsbarking]

3. ADP - Another dollar please.

I flipped a number of employers from ADP to other payroll processors.

[7wo7rees]

7. Me too.

Who do you send them to?

[twodogsbarking]

8. Two different local ones.

I did work with Paychex too and it worked for the company.

[7wo7rees]

9. I recommended Paychex for years, but now I'm with a local one.

Even mo bettah.

[mahatmakanejeeves]

2. Links to earlier reports:

Good morning, all.

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Updated from this post of Friday, December 6, 2019: Good morning. Links to earlier reports:

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[center]Past Performance is Not a Guarantee of Future Results.[/center]

Nonetheless, what is important is not this month's results, but the trend. Let’s look at some earlier numbers:

Bureau of Labor Statistics, for employment in May 2021:

U.S. economy adds 559,000 jobs in May, as the recovery shows signs of strength

ADP^® (Automatic Data Processing), for employment in May 2021:

Private-sector employment increased by 978,000 from April to May, on a seasonally adjusted basis.

Bureau of Labor Statistics, for employment in April 2021:

Economy picked up 266,000 jobs in April, fewer than expected as economy tries to rebound

ADP^® (Automatic Data Processing), for employment in April 2021:

Private-sector employment increased by 742,000 from March to April, on a seasonally adjusted basis.

Bureau of Labor Statistics, for employment in March 2021:

The U.S. economy added 916,000 jobs in March as recovery gains steam again

ADP^® (Automatic Data Processing), for employment in March 2021:

Private employers added back 517,000 jobs in March, missing expectations: ADP

Bureau of Labor Statistics, for employment in February 2021:

The economy added 379,000 jobs in February

ADP^® (Automatic Data Processing), for employment in February 2021:

ADP National Employment Report: Private Sector Employment Increased by 117,000 Jobs in February

Bureau of Labor Statistics, for employment in January 2021:

Unemployment rate falls to 6.3% in January; payroll employment changes little (+49,000)

ADP^® (Automatic Data Processing), for employment in January 2021:

ADP National Employment Report: Private Sector Employment Increased by 174,000 Jobs in January

Bureau of Labor Statistics, for employment in December 2020:

The economy lost 140,000 jobs in December

ADP^® (Automatic Data Processing), for employment in December 2020:

Private-sector employment decreased by 123,000 from November to December, seasonally adjusted

Bureau of Labor Statistics, for employment in November 2020:

Job Growth Slows Sharply As Pandemic Takes Toll On Economy

ADP^® (Automatic Data Processing), for employment in November 2020:

Private-sector employment increased by 307,000 from October to November, on a seasonally adjusted

Bureau of Labor Statistics, for employment in October 2020:

U.S. added 638,000 jobs in October, unemployment rate slides to 6.9%

ADP^® (Automatic Data Processing), for employment in October 2020:

Private-sector employment increased by 365,000 from September to October, on a seasonally adjusted

Bureau of Labor Statistics, for employment in September 2020:

September jobs report: US economy gains 661,000 payrolls, unemployment rate ticks down to 7.9%

ADP^® (Automatic Data Processing), for employment in September 2020:

Private-sector employment increased by 749,000 from August to September on seasonally adjusted basis

Bureau of Labor Statistics, for employment in August 2020:

Economy adds 1.4 million jobs in August, and the unemployment rate fell below 10 percent

ADP^® (Automatic Data Processing), for employment in August 2020:

Private-sector employment increased by 428,000 from July to August, on a seasonally adjusted basis.

Bureau of Labor Statistics, for employment in July 2020:

Nonfarm payroll employment rises by 1.8 million in July; unemployment rate falls to 10.2%

ADP^® (Automatic Data Processing), for employment in July 2020:

Private-sector employment increased by 167,000 from June to July, on a seasonally adjusted basis.

Bureau of Labor Statistics, for employment in June 2020:

Nonfarm payroll employment rises by 4.8 million in June; unemployment rate falls to 11.1%

ADP^® (Automatic Data Processing), for employment in June 2020:

ADP National Employment Report: Private Sector Employment Increased by 2,369,000 Jobs in June

Bureau of Labor Statistics, for employment in May 2020:

Unemployment rate drops to 13 percent, as the economy began to lose jobs at a slower pace

ADP^® (Automatic Data Processing), for employment in May 2020:

Private-sector employment decreased by 2,760,000 from April to May, on a seasonally adjusted basis.

[IronLionZion]

4. Biden is destroying so many jobs

if you hear trumpers tell it

[jimfields33]

5. No. They'll say, "see getting rid of unemployment did wonders to job numbers"

Jerks!

[IronLionZion]

6. Many businesses had to raise wages to attract workers in many cities.

It's a very good thing for workers when employers have to compete for talent.

[everyonematters]

10. That is a lot of jobs.

Normally 200k is considered good. The Republicans can say whatever they want; that is a lot of jobs; it is good for the Biden admin.