Because it is extremely contagious Delta variant According to a report, private sector employment in the United States declined in July due to growing concerns about the spread of the virus across the country. Report The payroll processing company ADP released on Wednesday.
According to ADP data, a total of 330,000 jobs were added in July, which was lower than the revised total of 680,000 jobs in June. It is also lower than the 653,000 jobs estimated by Dow Jones and the smallest increase since February. NBC Finance Channel Say.
“The labor market recovery continues to show uneven progress, but progress is still being made. ADP chief economist Nela Richardson said in a statement that the employment data for July showed that employment growth was faster than the fastest. The second quarter slowed down significantly.
ADP’s report was created in conjunction with Mood’s Analytics and derived from ADP’s actual wage data, which measures the total number of non-agricultural private employment monthly on a seasonally adjusted basis. Unlike the report of the Department of Labor, it does not include government work.
CNBC stated that the Department of Labor’s report is expected to be released on Friday and is expected to add 845,000 jobs following the 850,000 job addition in June.
According to the ADP Employment Report, the most important job opportunities created in July came from the leisure and hospitality industry, which added 139,000 jobs. The report noted that education and health services subsequently added 64,000 jobs, and professional and business services jobs added 36,000 new jobs.
In addition, the commodity production industry added 12,000 jobs in July, while the manufacturing industry added 8,000 jobs. The natural resources and mining industries added 3,000, while the construction industry only added 1,000 new jobs.
Look at the size companyAccording to ADP, small companies have added 91,000 jobs, companies with 50 to 499 employees have added 132,000 jobs, and large companies have added 106,000 jobs.
“The slowing recovery has also affected companies of all sizes,” Richardson said. “Recruitment bottlenecks continue to hinder stronger growth, especially considering the new COVID-19 issues Related to virus mutation. These obstacles should subside in the next few months, so future monthly earnings will be stronger. “
According to CNBC, after the release of the ADP report, the market fell and Dow futures fell nearly 120 points.
Photo: AFP/Olivier DOULIERY
