BE Daily Blog

Sep. 1, 2010 at 7:58am

Private sector employment dips

Private sector employment decreased by 10,000 from July to August on a seasonally adjusted basis, according to the latest ADP National Employment Report.

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.

The decline in employment followed six monthly increases from February through July. During those six months the average monthly gain in employment was 37,000 with no evidence of acceleration.

Unlike the estimate of total establishment employment to be released on Friday by the Bureau of Labor Statistics, today's figure does not include the effects of federal hiring — and now firing — for the 2010 Census. Hiring for the census peaked in May.

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