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Saturday, August 17, 2019
HomeNewsEconomyADP: U.S. Private Sector Adds 156K Jobs in July, Slightly Beating Consensus Forecast

ADP: U.S. Private Sector Adds 156K Jobs in July, Slightly Beating Consensus Forecast

Man reading newspaper with the headline Job Market. (Photo: AdobeStock)

June ADP National Employment Report Revised Higher By 10,000

The ADP National Employment Report finds the U.S. private sector added 156,000 jobs in July, slightly more than the consensus forecast expected. The June total of jobs added was revised up from 102,000 to 112,000.

PriorRevisedConsensus ForecastForecast RangeResult
National Employment Report102,000 112,000 155,000 140,000  to 170,000 156,000 

“While we still see strength in the labor market, it has shown signs of weakening,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “A moderation in growth is expected as the labor market tightens further.”

The goods-producer sector added just 9,000 jobs for the month, including 1,000 in manufacturing and 15,000 in construction. Natural resources and mining lost 9,000 jobs.

“Job growth is healthy, but steadily slowing. Small businesses are suffering the brunt of the slowdown,” Mark Zandi, chief economist of Moody’s Analytics, said. “Hampering job growth are labor shortages, layoffs at bricks-and-mortar retailers, and fallout from weaker global trade.”

The service-providing sector added 146,000 jobs in July, with professional and business services leading the way at 44,000.

The government jobs report — known as the Employment Situation — is due out on Friday. In June, the U.S. economy added 234,000 jobs, a significant improvement from the ADP National Employment Report.

Man reading newspaper with the headline Job Market. (Photo: AdobeStock)
Man reading newspaper with the headline Job Market. (Photo: AdobeStock)

The monthly ADP National Employment Report is derived from total U.S. nonfarm private employment sourced via anonymous payroll data of client companies served by ADP.

The Employment Situation is a household survey derived from total U.S. nonfarm private and public employment.

The ADP National Employment Report for August 2019 will be released at 8:15 a.m. ET on September 5, 2019.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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