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Macroeconomics  |  August 01, 2012 15:23:00

U.S. private sector in July created 163 000 new jobs


Job creation in the private sector, the United States in July, surpassing expectations. According to ADP, the number of employed persons increased by 163 thousand and was the highest since March this year. A majority consensus assumed only 120 thousand new jobs. The figure for June was revised down from a preliminary 176 000 to 172 thousand.

In the private service sector employment grew by 148 thousand jobs, slower than a 151 thousand a month ago, in the manufacturing sector of 15 000 points, compared to 23,000 in June.In the manufacturing sector, the number of employed persons by 6000 and construction by 5000. In financial services employers created 9,000 new jobs and the positive trend continues the twelfth month.

In the second quarter, the average employment growth 138 thousand, compared with 203,000 in the first quarter of the 2012th ADP monitors the monthly data of all private entities, and this estimate prior to the monthly statistics of U.S. Department of Labor.Analysts expected in July the creation of jobs outside the agricultural sector at 100 thousand and the unemployment rate unchanged. In June, employment rose by 80,000 jobs and the unemployment rate has stagnated at 8.2%.

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