Employment has biggest monthly gain in 2015, ADP says

Eric Strauss//July 1, 2015//

Employment has biggest monthly gain in 2015, ADP says

Eric Strauss//July 1, 2015//

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Private sector employment grew by more than 230,000 jobs from May to June, according to the latest report from Roseland-based payroll and human resources company ADP.It was the second consecutive month job gains had broken the 200,000 mark, after two months of falling below that benchmark figure.

“June job numbers came in at their highest level since December 2014,” Carlos Rodriguez, chief executive officer and president of ADP, said in a prepared statement. “Small businesses continue to lead the way, adding over half of the total jobs this month.”

According to the company’s National Employment Report, small businesses with less than 50 workers led the way, adding 120,000 of the 237,000 jobs gained for the month. Medium-sized businesses, with 50 to 499 workers, added 86,000 jobs, while large businesses, with 500-plus employees, added 32,000 jobs.

The services sector added 225,000 jobs in June, ADP said, while the goods-producing sector added 12,000. Among individual industries, professional and business services led the way, with 61,000 gains; the trade/transportation/utilities sector added 50,000 jobs. On the other hand, manufacturing gained only 7,000 jobs — but at least that was a positive number, following losses in the industry in May.

“The U.S. job machine remains in high gear,” Mark Zandi, chief economist of Moody’s Analytics, said in a statement. “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.”


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