U.S. private sector adds 218,000 jobs in July: ADP

NEW YORK Wed Jul 30, 2014 1:35pm EDT

A woman fills out a job application as she attends a job fair in New York, June 11, 2013. REUTERS/Lucas Jackson

A woman fills out a job application as she attends a job fair in New York, June 11, 2013.

Credit: Reuters/Lucas Jackson

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NEW YORK (Reuters) - U.S. companies hired 218,000 workers in July, marking four straight month of private job growth above 200,000, but the figure fell short of what analysts projected and the previous month's level, a report by a payrolls processor released on Wednesday showed. Private job gains in June were 281,000, which was the strongest reading since November 2012. Economists surveyed by Reuters had forecast that the ADPNational Employment Report would show a gain of 230,000 jobs. The report is jointly developed with Moody's Analytics.

"The July employment gain was softer than June, but remains consistent with a steadily improving job market," said Mark Zandi, chief economist at Moody's Analytics. "If current trends continue, the economy will return to full employment by late 2016."

U.S. companies slowed the expansion of their payrolls from June's blistering pace with goods-producing firms adding 16,000 jobs compared with 43,000 in June.

Jobs in professional and business services increased by 61,000 in July, down from 79,000 in June, while positions in the trade/transportation/utilities category grew by 52,000 versus 56,000 in June.

(Reporting by Richard Leong; Editing by Meredith Mazzilli)

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Comments (6)
Nuke3025 wrote:
Wow, Reuters…spin doctors extraordinaire!

Jul 30, 2014 9:40am EDT  --  Report as abuse
GSRyder wrote:
Full employment by 2016 ???? Cooked books for sure . The nation has for over a decade failed to meet the monthly employment numbers necessary to sustain the system . Those loses are by the government/media, supposed to be forgotten . Living in the here and now, ignoring how miserable the job picture in fact is .

Jul 30, 2014 10:28am EDT  --  Report as abuse
NPeril wrote:
Good news all around! Behind the numbers; the meaning is clear:

At 218,000 jobs divided by 2.5 jobs worked per person necessary to keep “body & soul” together; the employment data actually benefits 87200 workers and their families. Forget owning a home and college for the kids, but at the least there is food on the table.

And don’t worry about retirement. You can spend your days at the public libraries, take your meals at the local mission and sleep where ever the Police leave you alone.

Jul 30, 2014 11:30am EDT  --  Report as abuse
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