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SOFTWARE INDUSTRY NEWS |
Private sector added jobs in July – ADP |
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Non-farm private employment increased 42,000 from June to July 2010 on a seasonally adjusted basis, according to the ADP National Employment Report.  The estimated change of employment from May to June was revised up slightly, from the previously reported increase of 13,000 to an increase of 19,000. July’s rise in private employment was the sixth consecutive monthly gain. However, as ADP's report points out, over those six months increases have averaged a modest 37,000, with no evidence of acceleration. The data does not include the effects of federal hiring, and firing, for the 2010 Census, unlike the estimate of total establishment employment to be released shortly by the Bureau of Labor Statistics (BLS). Hiring for the census peaked in May, ADP said, which is why the soon-to-be-released figure for the change in non-farm total employment from the BLS might be weaker than its own estimate in the ADP National Employment Report. ADP July Report estimates non-farm private employment in the service-providing sector rose by 63,000. Employment in the goods-producing sector declined 21,000 during July while employment in the manufacturing sector decreased 6,000, the first decrease in six months. Large businesses employing 500 or more workers saw employment remain flat. Employment among medium-size businesses who have between 50 and 499 workers increased by 21,000, while employment among small-size businesses, employing less than 50 workers, increased by 21,000 in July. July also posted the smallest decline in construction employment since November 2007, dropping 17,000. Construction and financial services employment have shown downward trends for over three years, with the total decline in construction jobs since the peak in January 2007 being 2,240,000 while employment in financial services dropped 1,000, the least since June 2007. |
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