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The ADP National Employment Report for July 2026 shows a sudden two-month plunge in large-business employment year-over-year.
Year-Over-Year Misfiring in 4 of 5 Employer Groups
1-19 Employees: 778,000
20-49 Employees: -80,000
50-249 Employees: -103,000
250-599 Employees: 28,000
500+ Employees: 62,000
Excluding businesses with 1-19 Employees: -93,000
The above totals to 685,000 but the sum of the parts is greater than the hole.
ADP reports the national total year-over-year as 650,000 unadjusted.
ADP Change in Small, Medium, Large Employment

Small is 0-49 employees: +698,000
Medium is 50-499: -75,000
Large is 500+ employees: +62,000
ADP Change in Employment by Employer Size Detail
