The numbers are still nothing to cheer about -- especially among the 279,000 small and midsize business employees affected -- but at the very least, fewer jobs were lost last month than reported for June, according to the ADP's latest National Employment Report.

Jim Manico, OWASP Global Board Member

August 6, 2009

1 Min Read

The numbers are still nothing to cheer about -- especially among the 279,000 small and midsize business employees affected -- but at the very least, fewer jobs were lost last month than reported for June, according to the ADP's latest National Employment Report.In all, 138,000 jobs were eliminated at small businesses (1-49 employees), and 159,000 at midsize businesses (50-499 employees), reports ADP (PDF), which bases its numbers on the thousands of customers for which it handles their payroll. Large businesses (500+) took a 74,000 hit. The not-so-grand total: 371,000 -- 54 percent of which are services businesses.

On a positive note, 371,000 is nearly 22 percent less than June's 473,000 tally, for which small businesses accounted for 177,000, midsize businesses for 205,000, and large businesses for 91,000. And from the following chart, you can see each month of this year doing better than the one before it.

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"Julys employment decline was the smallest since October of 2008 and continues the notable improvement between the first and second quarters of 2009," said Joel Prakken, chairman of Macroeconomic Advisers, which handles the survey (and it just goes to show you that ADP eats its own outsourcing dog food). "Nevertheless, despite recent indications that overall economic activity is stabilizing, employment, which usually trails overall economic activity, is likely to decline for at least several more months, albeit at a diminishing rate."

That's about as specific as even the nation's leading economists have been.

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About the Author(s)

Jim Manico

OWASP Global Board Member

Jim Manico is a Global Board Member for the OWASP foundation where he helps drive the strategic vision for the organization. OWASP's mission is to make software security visible, so that individuals and organizations worldwide can make informed decisions about true software security risks. OWASP's AppSecUSA<https://2015.appsecusa.org/c/> conferences represent the nonprofit's largest outreach efforts to advance its mission of spreading security knowledge, for more information and to register, see here<https://2015.appsecusa.org/c/?page_id=534>. Jim is also the founder of Manicode Security where he trains software developers on secure coding and security engineering. He has a 18 year history building software as a developer and architect. Jim is a frequent speaker on secure software practices and is a member of the JavaOne rockstar speaker community. He is the author of Iron-Clad Java: Building Secure Web Applications<http://www.amazon.com/Iron-Clad-Java-Building-Secure-Applications/dp/0071835881> from McGraw-Hill and founder of Brakeman Pro. Investor/Advisor for Signal Sciences.

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