Press release
ADP National Employment Report: Private Sector Employment Increased by 324,000 Jobs in July; Annual Pay was Up 6.2%
ROSELAND, N.J., Aug. 2, 2023 /PRNewswire/ -- Private sector employment increased by 324,000 jobs in July and annual pay was up 6.2 percent year-over-year,
About this update from Automatic Data Processing, Inc.
[{"type":"text","content":"ROSELAND, N.J., Aug. 2, 2023 /PRNewswire/ -- Private sector employment increased by 324,000 jobs in July and annual pay was up 6.2 percent year-over-year, according to the July ADP® National Employment ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab (\"Stanford Lab\"). The ADP National Employment Report is an independent measure and high-frequency view of the private-sector labor market based on actual, anonymized payroll data of more than 25 million U.S. employees.\nThe jobs report and pay insights use ADP's fine-grained anonymized and aggregated payroll data to provide a representative picture of the private-sector labor market. The report details the current month's total private employment change, and weekly job data from the previous month. Because the underlying ADP payroll databases are continuously updated, the report provides a high-frequency, near real-time measure of U.S. employment. This measure reflects the number of employees on ADP client payrolls (Payroll Employment) to provide a richer understanding of the labor market. ADP's pay measure uniquely captures the earnings of a cohort of almost 10 million employees over a 12-month period.\n\"The economy is doing better than expected and a healthy labor market continues to support household spending,\" said Nela Richardson, chief economist, ADP. \"We continue to see a slowdown in pay growth without broad-based job loss.\"\nJuly 2023 Report Highlights*\nView the ADP National Employment Report and interactive charts at www.adpemploymentreport.com.\nJOBS REPORT\nPrivate employers added 324,000 jobs in JulyJob creation remained robust in July, with leisure and hospitality again driving growth. One weakness was manufacturing, an interest rate-sensitive industry that shed jobs for the fifth straight month.\nChange in U.S. Private Employment: 324,000\nChange by Industry Sector\n- Goods-producing: 21,000\nNatural resources/mining 48,000Construction 9,000Manufacturing -36,000- Service-providing: 303,000\nTrade/transportation/utilities 30,000Information 36,000Financial activities -5,000Professional/business services 5,000Education/health services 12,000Leisure/hospitality 201,000Other services 24,000Change by U.S. Regions \n- Northeast: 276,000\nNew England 114,000Middle Atlantic 162,000- Midwest: 129,000\nEast North Centr...