ADP News Release (07/01/15)
Private sector employment increased by 237,000 jobs from May to June, according to the June ADP National Employment Report. Payrolls for businesses with 49 or fewer employees increased by 120,000 jobs in June, the same as May. Employment at companies with 50-499 employees increased by 86,000 jobs, up from 63,000 in May. Large companies—those with 500 or more employees—added 32,000 jobs in June, up from 19,000.
Goods-producing employment rose by 12,000 jobs in June, after adding 11,000 in May. The construction industry had another solid month in June, adding 19,000 jobs, down from 28,000 in May. Meanwhile, manufacturing added 7,000 jobs in June, after losing 2,000 a month earlier. Service-providing employment rose by 225,000 jobs in June, a strong increase from 192,000 in May. Professional and business services contributed 61,000 jobs in June, almost double May’s 32,000.
“The U.S. job machine remains in high gear,” says Mark Zandi, chief economist of Moody’s Analytics. “The current robust pace of job growth is double that needed to absorb the growth in the working age population. The only blemish in the job market is the loss of jobs in the energy sector. Most encouraging is the healthy rate of job growth among the nation’s smallest companies.”