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HomeNewsEconomyADP National Employment Report Beats Expectations in July

ADP National Employment Report Beats Expectations in July

Job seekers wait to meet with employers at a career fair in New York City, October 24, 2012. (Photo: Reuters)
Job seekers wait to meet with employers at a career fair in New York City, October 24, 2012. (Photo: Reuters)

Job seekers wait to meet with employers at a career fair in New York City, October 24, 2012. (Photo: Reuters)

The ADP National Employment Report shows the U.S. private sector created 178,000 jobs in July, beating the median forecast. There was also a sharp 33,000 upward revision to June, which is now at 191,000.

“Job gains continued to be strong in the month of July,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “However, as the labor market tightens employers may find it more difficult to recruit qualified workers.”

Manufacturing, which had been bouncing back, had a down month in July, losing 4,000 jobs. Constructions, which had been down last month, returned to positive growth, at 6,000. Natural Resources & Mining added 3,000.

“The American job machine continues to operate in high gear,” Mark Zandi, chief economist of Moody’s Analytics said. “Job gains are broad-based across industries and company sizes, with only manufacturers reducing their payrolls. At this pace of job growth, unemployment will continue to quickly decline.”

The service-providing sector added 174,000, with the largest number of jobs (24,000) being created in Trade/Transportation/Utilities.

Small businesses (1-49 employees) created 50,000 jobs, mid-size (50-499) created 83,000 and large (500+) created 45,000 jobs.

Written by

Rich, the People's Pundit, is the Data Journalism Editor at PPD and Director of the PPD Election Projection Model. He is also the Director of Big Data Poll, and author of "Our Virtuous Republic: The Forgotten Clause in the American Social Contract."

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