ADP July 2015 185k jobs added, June revised downward, 47k fewer jobs than July 2014
“In today’s labor market, there are nearly 1 million “missing” young workers—potential workers who are neither employed nor actively seeking work (and are thus not counted in the unemployment rate) because job opportunities remain so scarce. If these missing workers were in the labor market looking for work, the unemployment rate of workers under age 25 would be 18.1 percent instead of 14.5 percent.”…Economic Policy Institute May 1, 2014
“Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000, 75 percent, were Hispanic/Latino!”…Citizen Wells 2015
“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells
From ADP August 5, 2015.
“ADP National Employment Report: Private Sector Employment Increased by
185,000 Jobs in July
ROSELAND, N.J. – August 5, 2015 – Private sector employment increased by 185,000 jobs from June to July 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 ADP® , a leading global provider of Human Capital Management (HCM) solutions, 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.”
“Payrolls for businesses with 49 or fewer employees increased by 59,000 jobs in July, half of the June number. Employment among companies with 50-499 employees increased by 62,000 jobs, down from 78,000 the previous month. Employment gains at large companies – those with 500 or more employees
– increased sharply from June, adding 64,000 jobs in July, up from 34,000. Companies with 500-999 added 17,000 jobs after adding 28,000 jobs in June. Companies with over 1,000 employees added 47,000 jobs, almost eight times the weak 6,000 added the previous month.
Service-providing employment rose by 178,000 jobs in July, down from 216,000 in June. The ADP National Employment Report indicates that professional/business services contributed 42,000 jobs in
July, down from June’s 61,000. Trade/transportation/utilities grew by 25,000, just over half of the previous month’s 47,000. The 10,000 new jobs added in financial activities was a drop from last month’s 16,000.”