Wednesday, July 31, 2013

ADP Employment Grew by 200,000 in July

ADP’s National Employment Report indicated that the private sector increased employment by 200,000 jobs in July, an improvement from June’s upward revision to 198,000 jobs. Gains in July were solely drive by the service sector. July’s gains are the largest this year.

The service sector created 177,000 jobs in July, up from 176,000 in June.

The goods producing sector remained steady in July, adding 22,000 jobs, the same amount as the previous month. Manufacturing did not contribute to the gain, declining 5,000 jobs.

Read the ADP release.

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