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ADP National Employment Report: Private Sector Employment Increased by 219,000 Jobs in JulyROSELAND, N.J., Aug. 1, 2018 /PRNewswire/ -- 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* Total U.S. Nonfarm Private Employment: 219,000 By Company Size - Small businesses: 52,000
- Medium businesses: 119,000
- Large businesses: 48,000
By Sector - Goods-producing: 42,000
- Service-providing: 177,000
* Sum of components may not equal total, due to rounding. - Franchise Employment**
**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 governent 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 2018 ADP National Employment Report will be released at 8:15 a.m. ET on September 6, 2018. About the ADP National Employment Report® Each month, ADP issues the ADP National Employment Report as part of the company's commitment to adding deeper insights into the U.S. labor market and providing businesses, governments and others with a source of credible and valuable information. The ADP National Employment Report is broadly distributed to the public each month, free of charge. The data for this report is collected for pay periods that can be interpolated to include the week of the 12th of each month, and processed with statistical methodologies similar to those used by the U.S. Bureau of Labor Statistics to compute employment from its monthly survey of establishments. Due to this processing, this subset is modified to make it indicative of national employment levels; therefore, the resulting employment changes computed for the ADP National Employment Report are not representative of changes in ADP's total base of U.S. business clients. For a description of the underlying data and the statistical model used to create this report, please see the ADP National Employment Report: Development Methodology. About Moody's Analytics About ADP (NASDAQ: ADP) ADP, the ADP logo, ADP A more human resource., ADP National Employment Report, ADP Small Business Report, ADP National Franchise Report, and ADP Research Institute are registered trademarks of ADP, LLC. All other marks are the property of their respective owners. Copyright © 2018 ADP, LLC. All rights reserved. ADP-Media View original content with multimedia:http://www.prnewswire.com/news-releases/adp-national-employment-report-private-sector-employment-increased-by-219-000-jobs-in-july-300690051.html SOURCE ADP, LLC |