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ADP job numbers edge up

July 30 2008

The U.S. gained 9,000 private-sector nonfarm jobs in July, on a seasonally adjusted basis, according to the national employment report released today by Automatic Data Processing Inc. (NYSE: ADP). In addition, the report revised down its count of jobs lost in June to 77,000 from the original count of 79,000.

The service sector added 74,000 jobs in July, but that was offset by decline of 65,000 in the goods-producing sector.

Despite July's gain, the report's three-month average of losing 14,000 jobs per month suggests the weakened employment situation continues, according to the report.

The report is based on data from ADP derived from an anonymous subset of roughly 500,000 U.S. business clients.


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