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- US: Private sector employment increased above forecasts in July
US: Private sector employment increased above forecasts in July
Private sector employment increased by 179,000 jobs from June to July according to the July ADP National Employment Report®
Payrolls for businesses with 49 or fewer employees increased by 61,000 jobs in July, down from 86,000 in June. Employment at companies with 50-499 employees increased by 68,000 jobs, up from last month's 56,000. Employment at large companies - those with 500 or more employees - increased by 50,000, up from June's 34,000. Companies with 500-999 employees added 16,000 and companies with more than 1,000 employees added 33,000 in July. Goods-producing employment was down by 6,000 jobs in July, following June losses of 28,000. The construction industry lost 6,000 jobs, following June losses of 4,000 jobs. Meanwhile, manufacturing gained 4,000 jobs after losing 15,000 the previous month.
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