ADP Employment Report Surprises To Upside

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Economic Update: ADP Employment

ADP reported that the private sector job market expanded once again during the month of June.

The report shows that private sector jobs rose by 176K jobs during the month, which was above the consensus expectations for a gain of 99K.

In addition, May’s job totals were revised up from 133K to 136K.

June’s private sector job growth was the best monthly increase since March.

For comparison purposes:

• May: 136K
  
• April: 11K
  
• March: 209K
  
• February: 230K
  
• January 2012: +170K
  
• December: 292K
  
• November: 206K
  
• October: 116K
  
• September: 116K
  
• August: 89K
  
• July: 109K
  
• June: 145K
  
• May: 38K

As a reminder, the ADP report does not include jobs in the government sector.

Also remember that the all-important Nonfarm Payrolls report is due out Friday morning.

Other stories on the US Economy to review:

• Challenger Planned Job Cuts Best in Year
  
• ISM Manufacturing Plunges in June
  
• University Of Michigan Sentiment Index Weak in June
  
• Chicago PMI Headline Improves But...
  
• US GDP Grew at +1.9% Rate in Q1
  
• Durable Goods Up for First Time in 3 Mos
  
• Richmond Fed Index Declines for Third Month
  
• Consumer Confidence Falls Again in June
  
• Case-Shiller Home Price Index Improves
  
• Chicago Fed National Activity Index Falls in May
  
• Existing Homes Sales Fall But Prices Rises
  
• LEI Rises in May: Points to "Muddle Through"
  
• Philly Fed Plunges in June
  
• Housing Starts Down But Permits Up
  
• Industrial Production and Capacity Utilization Below Expectations
  
• Empire Manufacturing Disappoints in June
  
• CPI Declines in May
  
• Business Inventories Above Expectations in April
  
• Retail Sales Fall Across Board in May
  
• PPI Shows Inflation Fell at Producer Level in May
  
• NFIB Small Business Optimism Pulls Back
  
• ISM Non-Manufacturing Index Above Expectations
  
• Some Good News: Employment Trend Index Moves Up
  
• May Jobs Report Disappoints Big Time

 

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