ADP: U.S. Economy adds 281,000 Jobs

From ADP:

Private sector employment increased by 281,000 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 ADP®, a leading global provider of Human Capital Management (HCM) solutions, 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.

. . .

“The June jobs number is a welcome boost,” said Carlos Rodriguez, president and chief executive officer of ADP.“The number of construction jobs added was particularly encouraging, representing the highest total in that industry since February of 2006. 
”Mark Zandi, chief economist of Moody’s Analytics, said,”The job market is steadily improving.  Job gains are broad based across all industries and company sizes.  Judging from the job market, the economic recovery remains fully intact and is gaining momentum.”

ADP

According to the report, the biggest gains in employment were among small businesses (1-49 employees) with 117,000 jobs, followed by medium businesses (50-499 employees) with 115,000 jobs, and large businesses (500+ employees) with 49,000 jobs.

Goods-producing industries increased employment by 51,000, with service-providing industries up 230,000 jobs.

The BLS Jobs Report is scheduled to be released tomorrow, and the ADP report has not been a great predictor of the BLS report:

John Haskell

About John Haskell

John graduated from the University of Southern Maine with a degree in Political Science, and from the University of Maine School of Law. He has worked in both the public and private sectors, and currently, works with a small business services company in the Mid-Coast area.