Originally Published by ADP.
Private sector employment increased by 219,000 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 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.
July 2018 Report Highlights*
View the ADP National Employment Report Infographic at www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment: 219,000
By Company Size
-Small businesses: 52,000
- 1-19 employees 21,000
- 20-49 employees 31,000
-Medium businesses: 119,000
- 50-499 employees 119,000
-Large businesses: 48,000
- 500-999 employees 24,000
- 1,000+ employees 24,000
- Natural resources/mining 3,000
- Construction 17,000
- Manufacturing 23,000
- Trade/transportation/utilities 21,000
- Information -1,000
- Financial activities 15,000
- Professional/business services 47,000
- Professional/technical services 16,000
- Management of
- Administrative/support services 28,000
- Education/health services 48,000
- Health care/social assistance 49,000
- Education -1,000
- Leisure/hospitality 37,000
- Other services 9,000
* Sum of components may not equal total, due to rounding.
– Franchise Employment**
- Franchise jobs 15,100
**Complete details on franchise employment can be found here.
“The labor market is on a roll with no signs of a slowdown in sight,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Nearly every industry posted strong gains and small business hiring picked up.”
Mark Zandi, chief economist of Moody’s Analytics, said, “The job market is booming, impacted by the deficit-financed tax cuts and increases in government spending. Tariffs have yet to materially impact jobs, but the multinational companies shed jobs last month, signaling the threat.”
The matched sample used to develop the ADP National Employment Report was derived from ADP payroll data, which represents 411,000 U.S. clients employing nearly 24 million workers in the U.S. The June total of jobs added was revised up from 177,000 to 181,000.
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 2018ADP National Employment Report will be released at 8:15 a.m. ET on September 6, 2018.