Private-sector employment increased by 91,000 from August to
September on a seasonally adjusted basis, according to the latest
ADP National Employment Report® released today. The ADP National
Employment Report, created by 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. The estimated advance in employment
from July to August was revised down only slightly to 89,000 from
the initially reported 91,000.
U.S. Nonfarm Private Employment Highlights -
September, 2011 Report:
-- Total employment: +91,000
-- Small businesses:* +60,000
-- Medium businesses:** +36,000
-- Large businesses:*** -5,000
-- Goods-producing sector: + 1,000
-- Service-providing sector: + 90,000
Addendum:
-- Manufacturing industry: -5,000
* 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
Note: All data included in the ADP National Employment Report is based on
size of payroll. In some cases, small and medium-size payrolls belong to
businesses employing more workers than indicated by the size grouping.
According to today's ADP National Employment Report, employment
in the nonfarm private business sector rose 91,000 from August to
September on a seasonally adjusted basis. Employment in the
private, service-providing sector rose 90,000 in September, up
slightly from an increase of 83,000 in August. Employment in the
private, goods-producing sector rose a scant 1,000 in September,
while manufacturing employment declined by 5,000.
"Like August, this month's jobs report continues to show modest
job creation," said Gary C. Butler, Chief Executive Officer of ADP.
"The number of jobs added to the private sector in August and
September were virtually identical. Once again, the small business
services-sector led the way, contributing almost two-thirds of all
new jobs. Small businesses overall showed positive growth for the
22nd straight month and averaged 73,000 jobs a month for the past
12 months. Professional business services, education and
healthcare, and leisure services led all other sectors in new jobs
added."
According to Joel Prakken, Chairman of Macroeconomic Advisers,
LLC, "Today's ADP National Employment Report suggests that
employment grew moderately in September. The recent trend in
private employment, as indicated by the ADP National Employment
Report, remains moderate, and probably is below a pace consistent
with a stable unemployment rate. Moderate growth in employment is
consistent with the recent deceleration of GDP."
Prakken continued: "Employment on medium payrolls -- those with
50 to 499 workers -- rose 36,000 and employment on large payrolls
-- those with 500 or more workers -- declined 5,000. Employment in
the construction industry fell 2,000 in September, partially
reversing a rise of 7,000 in August."
The matched sample used to develop the ADP National Employment
Report was derived from ADP data, which, during 2010, averaged
about 337,000 U.S. business clients and represented over 21 million
U.S. employees. This approximately represents the size of the
matched sample used this month.
Small Business Highlights -- September
Report: Due to the important contribution small businesses
make to economic growth, employment data that is specific to
businesses with fewer than 50 employees is reported in the ADP
Small Business Report® each month. The ADP Small Business Report is
a subset of the ADP National Employment Report.*
- Total nonfarm private small business employment: 60,000
- Goods-producing sector: 5,000 small business jobs
- Service-providing sector: 55,000 small business jobs
*All size data included in the ADP National Employment Report is
based on size of payroll. In some cases, small and medium-size
payrolls belong to businesses employing more workers than indicated
by the size grouping.
Prakken added: "Employment on small payrolls -- those with up to
49 workers -- rose 60,000 in September, nearly equal to job
creation among small businesses last month."
Additional information about small businesses employment,
including charts on monthly job growth and employment levels, along
with historical data, is available at
http://www.smallbusinessreport.adp.com.
To obtain additional information about the ADP National
Employment Report, including additional charts, supporting data and
the schedule of future release dates, or to subscribe to the
monthly email alerts and RSS feeds, please visit
www.ADPemploymentreport.com. The October 2011 ADP National
Employment Report will be released November 2, 2011, at 8:15 AM
ET.
About the ADP National
Employment Report® 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. During
2010, this subset averaged about 337,000 U.S. business clients and
represented over 21 million U.S. employees working in all private
industrial sectors. The ADP Small Business Report is a monthly
estimate of private nonfarm employment among companies in the
United States with 1-49 employees and is a subset of the ADP
National Employment Report. The data for both reports is collected
for pay periods that can be interpolated to include the week of the
12th of each month, and processed with statistical methodologies
similar to those used by the U.S. Bureau of Labor Statistics to
compute employment from its monthly survey of establishments. Due
to this processing, this subset is modified to make it indicative
of national employment levels; therefore, the resulting employment
changes computed for the ADP National Employment Report are not
representative of changes in ADP's total base of U.S. business
clients.
For a description of the underlying data and the statistical
properties of the series, please see "ADP National Employment
Report: Development Methodology" at
http://ADPemploymentreport.com/methodology.aspx.
About ADP Automatic Data Processing, Inc.
(NASDAQ: ADP), with about $10 billion in revenues and approximately
570,000 clients, is one of the world's largest providers of
business outsourcing solutions. Leveraging over 60 years of
experience, ADP offers a wide range of human resource, payroll, tax
and benefits administration solutions from a single source. ADP's
easy-to-use solutions for employers provide superior value to
companies of all types and sizes. ADP is also a leading provider of
integrated computing solutions to auto, truck, motorcycle, marine,
recreational vehicle, and heavy equipment dealers throughout the
world. For more information about ADP or to contact a local ADP
sales office, reach us at 1.800.225.5237 or visit the company's Web
site at www.ADP.com.
About Macroeconomic Advisers, LLC
Macroeconomic Advisers, LLC (MA) has been the most trusted source
for U.S. macroeconomic forecasts and commentary, monetary and
fiscal policy analysis, and econometric modeling for 25 years. MA's
clients include leading financial service firms, nonfinancial
corporations, key policymaking agencies of the U.S. government, as
well as State and Foreign Government agencies. Additional
information on Macroeconomic Advisers, LLC is available on the
company's website, www.MacroAdvisers.com.
The ADP logo, ADP, ADP National Employment Report, and ADP Small
Business Report are registered trademarks of ADP, Inc.
Image Available:
http://www2.marketwire.com/mw/frame_mw?attachid=1754893 Image
Available:
http://www2.marketwire.com/mw/frame_mw?attachid=1754906
Add to Digg Bookmark with del.icio.us Add to Newsvine
Media Contacts: ADP Public Relations ADP (973)
974-7612 Public_Relations@adp.com Fleishman-Hillard for ADP
Sean Healy (212) 453-2438 (201) 218-2039 mobile
Sean.Healy@Fleishman.com
Automatic Data Processing (NASDAQ:ADP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Automatic Data Processing (NASDAQ:ADP)
Historical Stock Chart
From Jul 2023 to Jul 2024