U.S. private sector hiring picks up less than expected in June: ADP

Source: Reuters

BUSINESS NEWS
JULY 3, 2019 / 8:29 AM / UPDATED AN HOUR AGO
U.S. private sector hiring picks up less than expected in June: ADP

(Reuters) - U.S. companies added more jobs in June, but fewer than what analysts had forecast, raising concerns the labor market is softening even as the current U.S. economic expansion marked a record run this month, a report by a payrolls processor showed on Wednesday.

The private sector payrolls increased by 102,000 jobs in June, falling short of the 140,000 projected by economists polled by Reuters.

Private payroll gains in the month earlier were revised up to 41,000 from an originally reported 27,000 increase. The May reading was still the weakest since March 2010.

The report is jointly developed with Moody's Analytics.

Read more: https://www.reuters.com/article/us-usa-economy-adp/u-s-private-sector-adds-102000-jobs-in-june-adp-idUSKCN1TY1OS

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https://www.adpemploymentreport.com/2019/June/NER/NER-June-2019.aspx

Total Employment
Change in Nonfarm Private Employment



[CHART] Change in Nonfarm Private Employment

Historical Trend
Change in Total Nonfarm Private Employment



[CHART] Historical Trend - Change in Total Nonfarm Private Employment

Change By Company Size
Change in Total Nonfarm Private Employment by Company Size



[CHART] Change in Total Nonfarm Private Employment by Company Size

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https://www.adpemploymentreport.com/2019/June/NER/docs/ADP-NATIONAL-EMPLOYMENT-REPORT-June2019-Final-Press-Release.pdf

ADP National Employment Report: Private Sector Employment Increased by 102,000 Jobs in June

ROSELAND, N.J. - July 3, 2019 - Private sector employment increased by 102,000 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 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.

June 2019 Report Highlights*
View the ADP National Employment Report Infographic at www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment: 102,000

By Company Size

• Small businesses: -23,000
o 1-19 employees -37,000
o 20-49 employees 14,000

• Medium businesses: 60,000
o 50-499 employees 60,000

• Large businesses: 65,000
o 500-999 employees 30,000
o 1,000+ employees 36,000

By Sector

• Goods-producing: -15,000
o Natural resources/mining -4,000
o Construction -18,000
o Manufacturing 7,000

• Service-providing: 117,000
o Trade/transportation/utilities 23,000
o Information -3,000
o Financial activities 7,000
o Professional/business services 32,000
▪ Professional/technical services 16,000
▪ Management of
companies/enterprises 4,000
▪ Administrative/support services 12,000
o Education/health services 55,000
▪ Health care/social assistance 39,000
▪ Education 16,000
o Leisure/hospitality 3,000
o Other services 0
* Sum of components may not equal total, due to rounding.

• Franchise Employment**
o Franchise jobs 13,500

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Make sure to look at Chart 4. Businesses with 1 through 19 employees lost 37,000 jobs last month. I can't copy it here.