ADP Employment Change 185K vs 215K Expected

(Updated - August 5, 2015 8:28 AM EDT)

U.S. private sector employment increased by 185,000 in July, ADP reported today. This was below the 215,000 expected on average by economists.

• By Company Size
  • Small businesses: 59,000
    • 1-19 employees 26,000
    • 20-49 employees 34,000
  • Medium businesses: 62,000
    • 50-499 employees 62,000
  • Large businesses: 64,000
    • 500-999 employees 17,000
    • 1,000+ employees 47,000
• By Sector
  • Goods-producing 8,000
  • Service-providing 178,000
• Industry Snapshot
  • Construction 15,000
  • Manufacturing 2,000
  • Trade/transportation/utilities 25,000
  • Financial activities 10,000
  • Professional/business services 42,000

"July employment growth was slower than June, but is still in line with what we have seen since the first of the year," said Carlos Rodriguez, president and chief executive officer of ADP. "Notably, large businesses with more than 500 employees had their strongest job gains since last December and were almost double the June number."

Mark Zandi, chief economist of Moody's Analytics, said, "Job growth is strong, but it has moderated since the beginning of the year. Layoffs in the energy industry and weaker job gains in manufacturing are behind the slowdown. Nonetheless, even at this slower pace of growth, the labor market is fast approaching full employment."

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