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Re: guitarmusic post# 30872

Wednesday, 07/30/2008 8:31:37 AM

Wednesday, July 30, 2008 8:31:37 AM

Post# of 72997
ADP Report offers continuing evidence of the weak employment situation

ROSELAND, N.J. – July 30 2008 – According to today’s ADP National Employment
Report®, private sector employment increased by 9,000 in July.

The ADP National Employment Report, created by ADP® Employer Services, a division of Automatic Data Processing, Inc. (ADP), in partnership with Macroeconomic Advisers, LLC, is based on actual payroll data and measures the change in total nonfarm private employment each month.

Nonfarm Private Employment Highlights – July Report:
• Total employment: +9,000
• Small businesses* +50,000
• Medium businesses** -9,000
• Large businesses*** -32,000
• Goods-producing sector: -65,000
• Service-providing sector: +74,000

Addendum:
• Manufacturing industry: -49,000
* Small businesses represent payrolls with 1-49 employees
** Medium businesses represent payrolls with 50-499 employees
*** Large businesses represent payrolls with more than 499 employees
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