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ADP National Employment Report: Private Sector Employment Increased by 102,000 Jobs in June
ROSELAND, N.J., July 3, 2019 /PRNewswire/ -- Private sector employment increased by 102,000 jobs from May to June according to the June ADP National
About this update from Automatic Data Processing, Inc.
[{"type":"text","content":"ROSELAND, N.J., July 3, 2019 /PRNewswire/ -- Private sector employment increased by 102,000 jobs from May to June according to the June 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. \nJune 2019 Report Highlights*\nView the ADP National Employment Report Infographic at www.adpemploymentreport.com.\nTotal U.S. Nonfarm Private Employment: 102,000\nBy Company Size \n- Small businesses: -23,000\n1-19 employees -37,000 20-49 employees 14,000- Medium businesses: 60,000\n50-499 employees 60,000- Large businesses: 65,000\n500-999 employees 30,000 1,000+ employees 36,000By Sector\n- Goods-producing: -15,000\nNatural resources/mining -4,000 Construction -18,000 Manufacturing 7,000- Service-providing: 117,000\nTrade/transportation/utilities 23,000 Information -3,000 Financial activities 7,000 Professional/business services 32,000 - Professional/technical services 16,000 - Management of companies/enterprises 4,000 - Administrative/support services 12,000 Education/health services 55,000 - Health care/social assistance 39,000 - Education 16,000 Leisure/hospitality 3,000 Other services 0* Sum of components may not equal total, due to rounding. \n- Franchise Employment**\nFranchise jobs 13,500**Complete details on franchise employment can be found here.\n\"Job growth started to show signs of a slowdown,\" said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. \"While large businesses continue to do well, small businesses are struggling as they compete with the ongoing tight labor market. The goods producing sector continues to show weakness. Among services, leisure and hospitality's weakness could be a reflection of consumer confidence.\"\nMark Zandi, chief economist of Moody's Analytics, said, \"The job market continues to throttle back. Job growth has slowed sharply in recent months, as businesses have turned more cautious in their hiring. Small businesses are the most nervous, especially in the construction sector and at bricks-and-mortar retailers.\"\n \n \n \n \nThe matched sample used to develo...