National - Private Sector Jobs Surge; Weekly Claims Post Decrease

June, 2011 Jobs Report

By: CNBC.com with Reuters
July 8, 2011

"This month's jobs figures are a significant improvement over May's, particularly in light of last quarter's disappointing 1.9 percent GDP growth," said Gary C. Butler, Chief Executive Officer of ADP. "Given such strong employment results despite poor GDP, I am optimistic we will see improving job growth in the second half of the year."

The national unemployment rate is mired at 9.1 percent.

The number of new people filing jobless claims fell more than expected over the past week while the private sector created jobs at a far faster pace than anticipated, separate reports showed Thursday.

Though still stubbornly high, weekly jobless claims dropped 11,000 to 418,000 over the past week, more than an expected 3,000 drop.

Meanwhile, the private sector added 157,000 jobs from May to June, well ahead of estimates though still not enough to make a meaningful cut into the unemployment rate, according to a report from ADP.

For more to this report, go to:
http://www.cnbc.com/id/43667039
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ADP
The ADP National Employment Report®, sponsored by ADP®, was developed and is maintained by Macroeconomic Advisers, LLC. It is a measure of employment derived from an anonymous subset of roughly 500,000 U.S. business clients.

For the June 2011 ADP National Employment Report®ADP, go to:
http://www.adpemploymentreport.com/pdf/FINAL_Report_June_11.pdf