ADP Employment Report Data

Interesting new data was released today in the ADP Employment Report on data from August. 

According to the ADP Employment Report, created by ADP® Employer Services, the private sector saw a loss of 33,000 jobs in August.

The data for nonfarm, private employment, looks like this:

• Small businesses gained 20,000 jobs. (+20,000).
  
• Medium businesses lost 25,000 jobs. (-25,000).
  
• Large businesses lost 28,000 jobs. (-28,000).
  
• The “Goods Producing” sector lost 78,000 jobs.           (-78,000).
• The Service providing sector saw a gain of 45,000 jobs. (+45,000)
  
• The manufacturing industry saw a loss of 56,000 jobs. (-56,000)
  

A small business is defined as having payrolls with 1-49 people.

A medium business is defined as having payrolls with 50-499 people.

A large business is defined as having payrolls with 500+ people.

The growth shown in the Small Businesses sector breaks down as follows.

• The Goods Producing sector for Small Businesses saw a loss of 16,000 jobs. (-16,000)
  
• The Service Providing sector for Small Businesses saw a gain of 36,000 new jobs. (+36,000)
  

You can download the ADP Employment Report for free from the link below.

http://www.adpemploymentreport.com/pdf/FINAL_Release_August_08.pdf

Enjoy...