ADP: Employers Added 163K Jobs in July

by Christopher Freeburn | August 1, 2012 12:25 pm

ADP: Employers Added 163K Jobs in July

Last month was better for job seekers than most economists anticipated[1].

The monthly report on private business hiring from Automatic Data Processing (NASDAQ:ADP[2]) and Macroeconomic AdvisersĀ indicated that U.S. businesses added 163,000 new workers last month.

That topped economists, who were predicting just 108,000 new private-sector jobs for July, Dow Jones noted.

ADP revised downward its previously announced new job numbers for June, from 176,000 to 172,000.

According to ADP, in July the service sector added 148,000 jobs, while manufacturers hired just 6,000 new workers.

On Friday, the U.S. Bureau of Labor Statistics’ will issue its non-farm payroll report for July. EconomistsĀ are expecting that report to show just 95,000 non-farm related jobs added last month.

There has beenĀ considerable divergence between government compiled hiring data and ADP’s numbers in recent months. In June, ADP calculated 176,000 new jobs, compared to just 80,000 noted by the government.

Endnotes:
  1. better for job seekers than most economists anticipated: http://www.foxbusiness.com/news/2012/08/01/adp-july-private-sector-jobs-up-163000-above-expectations/
  2. ADP: http://studio-5.financialcontent.com/investplace/quote?Symbol=ADP

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