{"id":1202,"date":"2020-08-13T14:12:53","date_gmt":"2020-08-13T14:12:53","guid":{"rendered":"https:\/\/nixq4qvp95-staging.onrocket.site\/?p=1202"},"modified":"2020-08-13T14:12:53","modified_gmt":"2020-08-13T14:12:53","slug":"adp-july-report-what-are-we-seeing","status":"publish","type":"post","link":"https:\/\/www.adzuna.com\/blog\/adp-july-report-what-are-we-seeing\/","title":{"rendered":"ADP July Report &#8211; what are we seeing?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">ADP have released their July report, and we wanted to see how their employment data compares with our data about the job market. If you don\u2019t read ADP\u2019s report, they collect data on payroll for 460,000 businesses, accounting for 26 million employees nationally. So they\u2019re a great indicator of who is in work.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In short, if people in work is high, and job vacancies are high, then it\u2019s a good indicator that the economy is getting back on track. If there are areas falling short, that\u2019s interesting too. So let\u2019s take a look!<\/span><\/p>\n<p><b>High level numbers<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">From July to June, ADP is reporting an increase in employment of <\/span><b>167,000<\/b><span style=\"font-weight: 400;\"> across the country.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">This follows three months of more volatile change, as employment fell by 19.4 million, before recovering 7.6 million.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">In the meantime, job vacancies have risen by 349,000 over the same period. This is following on from a 303,000 increase from May to June.<\/span><\/li>\n<\/ul>\n<div class=\"flourish-embed flourish-chart\" data-src=\"visualisation\/3398982\" data-url=\"https:\/\/flo.uri.sh\/visualisation\/3398982\/embed\"><script src=\"https:\/\/public.flourish.studio\/resources\/embed.js\"><\/script><\/div>\n<p><b>Big winners<\/b><\/p>\n<p><span style=\"font-weight: 400;\">There have been big gains in Logistics and Warehouse industries. ADP\u2019s category of Trade, Transportation and Utilities is the closest category to ours, and that has seen an employment increase of <\/span><b>41,000 <\/b><span style=\"font-weight: 400;\">between June and July. Similarly Logistics and Warehouse roles have grown by <\/span><b>170,000<\/b><span style=\"font-weight: 400;\"> according to our data.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Education and Health sectors have added 46,000 employees to payroll, while they are looking to hire 67,000 more staff (60,000 for Healthcare, 7,000 for Education)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile Leisure and Hospitality is bouncing back after a considerable fall, with an extra 38,000 employees on payroll, but a further 65,000 vacancies.\u00a0<\/span><\/p>\n<div class=\"flourish-embed flourish-chart\" data-src=\"visualisation\/3399640\" data-url=\"https:\/\/flo.uri.sh\/visualisation\/3399640\/embed\"><script src=\"https:\/\/public.flourish.studio\/resources\/embed.js\"><\/script><\/div>\n<p><b>Areas of concern<\/b><\/p>\n<p><span style=\"font-weight: 400;\">ADP has seen a fall in the number of staff in the Information sector of around 3,000. While small, any fall is something to be concerned about. However, the number of vacancies in our IT jobs category is up 12,000, so perhaps this is just a temporary blip.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">More concerning is Financial jobs where there are 18,000 fewer people being employed, and in fact there are 5,000 fewer jobs being advertised in Accounting and Finance jobs. This represents a fall of about 6% in advertised vacancies. However, the first week of August has seen a small spike in the vacancies so it might be a temporary dip.<\/span><\/p>\n<p><b>Overall picture<\/b><\/p>\n<p><span style=\"font-weight: 400;\">We\u2019re still in recovery mode. People in work fell dramatically earlier this year, before bouncing back some of the way, but it\u2019s still down. Hiring followed a similar dramatic fall but the recovery rate is much slower. Many people are still out of work, but there is an increasing number of opportunities available for them.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Small comfort no doubt, but better than the alternative.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ADP have released their July report, and we wanted to see how their employment data compares with our data about the job market. If you don\u2019t read ADP\u2019s report, they collect data on payroll for 460,000 businesses, accounting for 26 million employees nationally. So they\u2019re a great indicator of who is in work. In short,<a class=\"moretag\" href=\"https:\/\/www.adzuna.com\/blog\/adp-july-report-what-are-we-seeing\/\"> Continued \u00bb<\/a><\/p>\n","protected":false},"author":32,"featured_media":1180,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[148],"tags":[140],"class_list":["post-1202","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-job-market","tag-featured"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.adzuna.com\/blog\/wp-json\/wp\/v2\/posts\/1202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.adzuna.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.adzuna.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.adzuna.com\/blog\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/www.adzuna.com\/blog\/wp-json\/wp\/v2\/comments?post=1202"}],"version-history":[{"count":0,"href":"https:\/\/www.adzuna.com\/blog\/wp-json\/wp\/v2\/posts\/1202\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.adzuna.com\/blog\/wp-json\/wp\/v2\/media\/1180"}],"wp:attachment":[{"href":"https:\/\/www.adzuna.com\/blog\/wp-json\/wp\/v2\/media?parent=1202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.adzuna.com\/blog\/wp-json\/wp\/v2\/categories?post=1202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.adzuna.com\/blog\/wp-json\/wp\/v2\/tags?post=1202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}