Small Businesses Add 50,000 US Jobs in July
The ADP National Employment Report, sponsored by ADP, was developed and is maintained by Macroeconomic Advisers, LLC. It is a measure of employment derived from an anonymous subset of roughly 500,000 U.S. business clients.
“Employment among small-size businesses, defined as those with fewer than 50 workers, advanced 50,000 during July, rebounding somewhat from the weaker gain of 7,000 reported in June. July’s growth in employment is consistent with the gains seen among small-size businesses during most of the recent months. These figures continue to offer evidence of the resiliency small-size businesses have demonstrated over the past several years when compared to the job losses experienced at larger firms,” said Joel Prakken, Chairman of Macroeconomic Advisers.
The ADP Small Business Report is a monthly estimate of private non-farm employment among companies in the United States with 1-49 employees and is a subset of the ADP National Employment Report. The data for both reports 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.
Additional information about small business employment, including charts on monthly job growth and employment levels, along with historical data, is available at http://www.smallbusinessreport.adp.com.
Information from the July ADP National Employment Report:
Non-farm Private Employment Highlights – July Report:
- Total employment: +9,000
- Small businesses* +50,000
- Medium businesses** -9,000
- Large businesses*** -32,000
- Goods-producing sector: -65,000
- Service-providing sector: +74,000
Addendum:
- Manufacturing industry: -49,000
* Small businesses represent payrolls with 1-49 employees
** Medium businesses represent payrolls with 50-499 employees
*** Large businesses represent payrolls with more than 499 employees
