The latest ADP National Employment Report indicates positive momentum in the U.S. labor market, revealing that private sector employment increased by 104,000 jobs in July. This growth is accompanied by an overall 4.4 percent increase in annual pay, reflecting a robust economic landscape.
Produced by ADP Research in partnership with the Stanford Digital Economy Lab, the ADP National Employment Report serves as a comprehensive measure of the labor market based on anonymized weekly payroll data derived from over 25 million private-sector employees across the nation. The report also captures nearly 14.8 million individual pay change observations each month, offering a detailed and high-frequency overview of employment trends.
Dr. Nela Richardson, ADP’s chief economist, commented, “Our hiring and pay data are broadly indicative of a healthy economy. Employers have grown more optimistic that consumers, the backbone of the economy, will remain resilient.”
Change in U.S. Private Employment: 104,000
Change by Industry
– Goods-producing: 31,000
- Natural resources/mining 9,000
- Construction 15,000
- Manufacturing 7,000
– Service-providing: 74,000
- Trade/transportation/utilities 18,000
- Information 9,000
- Financial activities 28,000
- Professional/business services 9,000
- Education/health services -38,000
- Leisure/hospitality 46,000
- Other services 2,000
Change by U.S. Regions
– Northeast: -18,000
- New England -13,000
- Mid-Atlantic -5,000
– Midwest: 18,000
- East North Central 6,000
- West North Central 12,000
– South: 43,000
- South Atlantic 44,000
- East South Central 18,000
- West South Central -19,000
– West: 75,000
- Mountain 32,000
- Pacific 43,000
Change by Establishment Size
– Small establishments: 12,000
- 1-19 employees 22,000
- 20-49 employees -10,000
– Medium establishments: 46,000
- 50-249 employees 55,000
- 250-499 employees -9,000
– Large establishments: 46,000
- 500+ employees 46,000
PAY INSIGHTS
Pay gains were little changed in July
Year-over-year pay growth in July was 4.4 percent for job-stayers and 7 percent for job-changers. Gains have held steady for the past four months.
Median Change in Annual Pay
– Job-stayers 4.4%
– Job-changers 7.0%
Median Change in Annual Pay for Job-Stayers by Industry
– Goods-producing:
- Natural resources/mining 4.4%
- Construction 4.5%
- Manufacturing 4.6%
– Service-providing:
- Trade/transportation/utilities 4.2%
- Information 4.2%
- Financial activities 5.1%
- Professional/business services 4.2%
- Education/health services 4.5%
- Leisure/hospitality 4.5%
- Other services 4.2%
Median Change in Annual Pay for Job-Stayers by Firm Size
– Small firms:
- 1-19 employees 2.6%
- 20-49 employees 4.1%
– Medium firms:
- 50-249 employees 4.7%
- 250-499 employees 4.8%
– Large firms:
- 500+ employees 4.8%
To see Pay Insights by U.S. State, Gender, and Age for Job-Stayers, visit here:
The June total number of jobs added was revised from -33,000 to -23,000.
