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US ADP employment report shows net work creation in July

30 Jul, 2008 @ 07:27 am ET | written by FXStreet


FXstreet.com (Barcelona) - Employment in the United States has increased in July, despite the market expectations of a sharp decline, similar to the one posted last month, according to figures released by ADP.

Private non farm employment has increased by 9,000 persons in July, on a seasonally adjusted basis, following a decline of 79,000 employments in June, revised up from the previously estimated 77,000 decline.

This month's increase has been due to the rise in the services providing sector, which posted a net increase of 74,000 employments, the goods producing sector has posted a 65,000 decline, and employment in the manufacturing sector declined by 49,000.

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