ADP job report - 8:15AM

Not so good it seems: Full link here ROSELAND, N.J. – July 1, 2009 – According to today’s ADP National Employment Report®, private sector employment decreased by 473,000 in June. 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 derived from actual payroll data and measures the change in total nonfarm private employment each month. Nonfarm Private Employment Highlights – June Report: • Total employment: -473,000 • Small businesses* -177,000 • Medium businesses** -205,000 • Large businesses*** -91,000 • Goods-producing sector: -250,000 • Service-providing sector: -223,000 Addendum: • Manufacturing industry: -146,000 * 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