Economy

xchrom

(108,903 posts)

16. BIG BEAT: PRIVATE PAYROLLS JUMP 176K (Analysts Expected 100K)

Thu Jul 5, 2012, 08:50 AM

Jul 2012

http://www.businessinsider.com/adp-june-jobs-report-2012-7

Private payrolls expanded at a sharper than anticipated pace in June as small businesses expanded aggressively, new data out of ADP shows.
Payrolls surged by 176,000 positions during the month, above the 100,000 economists polled by Bloomberg had forecast.
That number was higher than the top forecast from the Street at a 150,000 gain.
Small businesses led the advance, with payrolls increasing by 93,000. Medium sized businesses, or those that employ between 50 and 499 workers, added 72,000 to payrolls, while large businesses boosted payrolls by 11,000.
Nine out of ten jobs created during the month came in the service sector, representing 160,000 of the 176,000 reported surge. The manufacturing industry expanded by some 4,000 people.

Read more: http://www.businessinsider.com/adp-june-jobs-report-2012-7#ixzz1zkgk8Imi

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