ADP National Employment Report Shows 218,000 Jobs Added in July

[mahatmakanejeeves]

Source: ADP®, Automatic Data Processing

ADP NATIONAL EMPLOYMENT REPORT: PRIVATE SECTOR EMPLOYMENT INCREASED BY 218,000 JOBS IN JULY

ROSELAND, N.J. –July 30, 2014 –Private sector employment increased by 218,000 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 global provider of Human Capital Management (HCM) solutions, 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.

Goods-producing employment rose by 16,000 jobs in July, down from 43,000 jobs gained in June. The construction industry added 12,000 jobs over the month, less than half last month’s gain. Meanwhile, manufacturing added 3,000 jobs in July, less than one-third the number of jobs added in June.

Service-providing employment rose by 202,000 jobs in July, down from 238,000 in June. The ADP National Employment Report indicates that professional/ business services contributed 61,000 jobs in July, down from 79,000 in June. Expansion in trade/transportation/utilities grew by 52,000, down slightly from June’s 56,000. The 9,000 new jobs added in financial activities was down 25% from last month’s number.
....

Mark Zandi, chief economist of Moody’s Analytics, said, "The July employment gain was softer than June, but remains consistent with a steadily improving job market. At the current pace of job growth unemployment will quickly decline. Layoffs are still receding and hiring and job openings are picking up. If current trends continue, the economy will return to full employment by late 2016.”

Change in Nonfarm Private Employment (in thousands)



Historical Trend - Change in Total Nonfarm Private Employment (in thousands)



Read more: http://www.adpemploymentreport.com/2014/July/NER/NER-July-2014.aspx

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Good morning, Freepers and DUers alike. I especially welcome our good friends from across the aisle. This reports affects you too, so you are a welcome participant in this thread. 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.

Bureau of Labor Statistics, for employment in June 2014. Because of the July 4th holiday on Friday, the report went out a day early. The big thread at DU was started by Hissyspit:

BREAKING: U.S. Jobless Rate Falls to 6.1% (Lowest Since Sept. 2008), June Payrolls Rise 288,000
http://www.democraticunderground.com/1014838678

Mine was over in the Economy forum:

Payroll employment increases by 288,000 in June; unemployment rate declines to 6.1%
http://www.democraticunderground.com/111654556

ADP® (Automatic Data Processing), for employment in June 2014:

U.S. Economy Added 281,000 Private-Sector Jobs in June, According to ADP National Employment Report.
http://www.democraticunderground.com/1014837988

Bureau of Labor Statistics, for employment in May 2014:

Payroll employment rises by 217,000 in May; unemployment rate unchanged at 6.3%
http://www.democraticunderground.com/1014820273

ADP® (Automatic Data Processing), for employment in May 2014:

U.S. Economy Added 179,000 Private-Sector Jobs in May, According to ADP National Employment Report
http://www.democraticunderground.com/1014818511

Bureau of Labor Statistics, for employment in April 2014:

Payroll employment rises 288,000 in April; unemployment rate falls to 6.3%
http://www.democraticunderground.com/1014794234

ADP® (Automatic Data Processing), for employment in April 2014:

ADP National Employment Report Shows 220,000 Jobs Added in April
http://www.democraticunderground.com/1014792358

Bureau of Labor Statistics, for employment in March 2014:

Payroll employment increases in March (+192,000); unemployment rate unchanged (6.7%)
http://www.democraticunderground.com/1014772273

ADP® (Automatic Data Processing), for employment in March 2014:

U.S. Economy Added 191,000 Private-Sector Jobs in March, According to ADP National Employment Report
http://www.democraticunderground.com/1014770525

Bureau of Labor Statistics, for employment in February 2014:

Payroll employment increases in February (+175,000); unemployment rate changes little (6.7 percent)
http://www.democraticunderground.com/1014747923

ADP, for employment in February 2014:

U.S. Economy Added 139,000 Private-Sector Jobs in February, According to ADP National Employment Report
http://www.democraticunderground.com/1014745826

Bureau of Labor Statistics, for employment in January 2014:

Payroll employment rises in January (+113,000); unemployment rate changes little (6.6%)
http://www.democraticunderground.com/1014721228

ADP, for employment in January 2014:

U.S. Economy Added 175,000 Private-Sector Jobs in January, According to ADP National Employment Report
http://www.democraticunderground.com/1014719171

BLS, for employment in December 2013, which was wildly out of line with ADP's figure:

December unemployment rate declines (6.7%); payroll employment edges up (+74,000)
http://www.democraticunderground.com/1014693851

ADP, for employment in December 2013:

U.S. Economy Added 238,000 Private-Sector Jobs in December, According to ADP National Employment Report
http://www.democraticunderground.com/1014691789

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.

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

Well, enough of that. On with the show.

[BumRushDaShow]

1. I hope they can come up with a solution for the Highway fund

because that will put a big dent in on-going construction projects (most likely ending up with layoffs).

Thanks for your usual posting ahead of the UE report for tomorrow!

[Andy823]

2. Exactly

Sadly that is what the republicans want, more layoffs. When things are getting better they have to do somthing to make things worse, it's been their goal since the president took office, and it won't stop.

The only way we can stop this is to vote them out of office. The two parties "are not the same", even though many, including here on DU, try to paint that picture. Democrats need to get out and vote in November, and if the do we can get rid of a bunch of these clowns that want to destroy this country simply to make president Obama look bad!

Yes we still have a long way to go, but if we didn't have republicans doing their best to keep the country down, we would be a lot further ahead than we are now. Bush took 8 years to do his damage, and he pushed us to the brink of disaster. We have come a long way, but we have to make changes, and the only way we can do that is by using our power to vote.

[onehandle]

3. Re-string the 'bikini chart' by firing your GOPNRAteahadist Congressmoron! nt

[JDPriestly]

4. K&R.

[Major Hogwash]

5. And all of them were created without any help from the Republicans in Congress.

Oh, they could have helped create those jobs, if they wanted to, but they were too busy trying to repeal Obamacare.