Economy Adds 200,000 Jobs for July

Job growth is up slightly for July, according to an ADP national employment report (link opens as PDF) released today.

Nonfarm private employment increased by a seasonally adjusted 200,000 jobs for July, beating analysts' estimates of 179,000 additional jobs. Today's report also included revised June data, which bumped last month's numbers up 10,000 to 198,000 added jobs.

Human capital management company ADP partners with Moody's Analytics to produce this monthly report based on ADP payroll data representing 416,000 U.S. clients employing nearly 24 million workers in the United States.

Source: Author, data from ADP. 

"Job growth remains remarkably stable," said Moody's Analytics Chief Economist Mark Zandi in a statement today. "Businesses are adding to payrolls in most industries and across all company sizes. The job market has admirably weathered the fiscal headwinds, tax increases and government spending cuts. This bodes well for the next year when those headwinds are set to fade."

Similar to June's report, smaller seems to be better for employment opportunities. Small businesses (1-49 employees) added 82,000 jobs, compared to 60,000 for medium businesses (50-499) and just 57,000 for large businesses (500+).

The services sector accounted for 177,000 of July's new jobs, while goods-producing jobs made a 22,000-job improvement. On an industry-by-industry basis, manufacturing was the only area in the red, reporting 5,000 fewer jobs than June.

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  • Report this Comment On July 31, 2013, at 5:27 PM, KUBLOTNIK wrote:

    how many jobs does it take just to keep up with the people that graduate from high school or college and really start to enter the workforce FULL TIME ? i have read that it takes somewhere in the range of 165,000 . if that is the case,then we are catching up with the millions of unemployed/underemployed by only 40k/month. it 's going to take a long,long time to get back to where we were in 2007 at this rate. is this what our current gov.calls a "recovery"?

  • Report this Comment On July 31, 2013, at 5:56 PM, bowlan21 wrote:

    they did and every one of those were part time.

    thanks to obamacare businesses cut regular hours to 28 hours and hired the help poart time to fill in the gap. its about time the sheeple woke up out there. there are now 116 million on food stamps. over 60,000 people gave up looking and over 50% of the adult work force is now unemployed. hows that hope and change working out for you these days people.

  • Report this Comment On July 31, 2013, at 9:15 PM, FISKER1 wrote:

    From where I sit, here in Southern California, the economy is is doing great. Unemployment is low, the streets are full of new cars and the restaurants are packed. Housing prices have been appreciating at double digit rates and the stock market has shown solid gains thus far this year. This looks like a sustainable recovery and I for one, am fully invested in companies I believe in and real estate. Thanks, President Obama.

  • Report this Comment On August 01, 2013, at 1:26 AM, mark278 wrote:

    @Fisker1- Where would that be? CA has an 8.5% unemployment rate and Los Angeles is 9.5%

  • Report this Comment On August 01, 2013, at 3:06 PM, TheRealRacc wrote:

    Fisker, you should thank the private companies that managed to survive the recession, kept people employed, and continue to hire so that our private citizens can afford to go out to eat, and buy new cars. Does the president pay your salary? He may, because they spend trillions on our own government. I, for one, depend on my employer to pay my salary and afford my home and car and food and entertainment. Because I am a proud citizen of the United States. Not a schlub who looks to our president as a savior.

    Open your eyes.

  • Report this Comment On August 01, 2013, at 3:07 PM, TheRealRacc wrote:

    Fisker, again, how many cities in CA have 10% sales tax? How many cities outside of CA have a 10% sales tax? Enjoy the Socialist State of America.

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