Winners And Losers By Job Type In The June ADP Payroll Report
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ADP reported a net loss of 33,000 jobs in June. Here are the winners and losers.
Goods Total +32,000
- Natural Resources and Mining: 8,000
- Construction: 9,000
- Manufacturing: 15,000
Services Total -66,000
- Education and Health Services: -52,000
- Financial Activities: -14,000
- Information: 5,000
- Leisure and Hospitality: 32,000
- Professional and Business Services: -56,000
- Trade, Transportation, and Utilities: 14,000
- Other Services: 5,000
Small Businesses Getting Clobbered
Change by Small, Medium, Large
- Small: -47,000
- Medium: -15,000
- Large: +30,000
Earlier today I reported ADP Reports 33,000 Job Losses in June with Negative Revisions in May
Small and medium-sized businesses shed jobs in June.
Click on the above link for more details.
No Driver for Job Growth
This economy is more than a bit screwed up. Tariffs and deportations rate to do more damage to small businesses.
There is no driver for job growth in the US. Expect to see negative numbers from the BLS this year.
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