Private-sector employment decreased by 10,000 from July to August on a seasonally adjusted basis, according to the August 2010 ADP National Employment Report®.
Construction Sector loses another 33,000 jobs in July.
The estimated change of employment from June to July was revised down slightly, from the previously reported increase of 42,000 to an increase of 37,000.
The decline in private employment in August confirms a pause in the recovery, already evident in other economic data. The deceleration in employment was evident in the major sectors and by size of business. This month’s decline in employment followed six monthly increases from February through July. Over those six months, the average monthly gain in employment was 37,000 with no evidence of acceleration.
August employment numbers by sectors:
- Service-providing sector rose by 30,000, the seventh consecutive monthly gain. This increase was not enough to offset an employment decline in the goods-producing sector of 40,000.
- Manufacturing sector decreased 6,000, the second consecutive monthly decline.
- Large businesses, (500 or more workers) saw employment remain essentially flat; employment among medium-size businesses (50 – 499 workers) decreased by 5,000; while employment among small-size businesses (less thn 50 workers) decreased by 6,000.
- Construction employment continues to plunge while dropping 33,000. Construction employment has declined for over three years and the total decline in construction jobs since the peak in January 2007 is 2,275,000.
- Financial services sector dropped 5,000.Financial Services employment has declined for over 3 years.
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Press Release – ADP National Employment Report®, August, 2010
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