According to the July ADP® National Employment Report™, nonfarm private sector employment private sector employment increased by 330,000 jobs from June to July. The ADP National Employment Report is produced by the ADP Research Institute® 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.
In a statement prepared for the release of the report, Nela Richardson, chief economist, ADP said, “The labor market recovery continues to exhibit uneven progress, but progress, nonetheless. July payroll data reports a marked slowdown from the second quarter pace in jobs growth. For the fifth straight month the leisure and hospitality sector is the fastest growing industry, though gains have softened. The slowdown in the recovery has also impacted companies of all sizes. Bottlenecks in hiring continue to hold back stronger gains, particularly in light of new COVID-19 concerns tied to viral variants. These barriers should ebb in coming months, with stronger monthly gains ahead as a result.”
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ADP National Employment Report: Private Sector Employment Increased by 330,000 Jobs in July