Private-sector employment increased by 325,000 from November to
December 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 gain in employment
from October to November was revised down slightly to 204,000 from
the initially reported 206,000.
U.S. Nonfarm Private Employment Highlights --
December 2011 Report:
-- Total employment: +325,000
-- Small businesses:* +148,000
-- Medium businesses:** +140,000
-- Large businesses:*** + 37,000
-- Goods-producing sector: + 52,000
-- Service-providing sector: +273,000
Addendum:
-- Manufacturing industry: + 22,000
* 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 325,000 from November
to December on a seasonally adjusted basis. Employment in the
private, service-providing sector increased 273,000 in December,
after rising 176,000 in November. Employment in the private,
goods-producing sector rose 52,000 in December. Manufacturing
employment increased 22,000, tripling the previous month's increase
of 7,000, while construction employment grew 26,000 during that
period.
"December's advance was the largest monthly gain since December
2010, reflecting strong job creation across most industries," said
Carlos Rodriguez, President and Chief Executive Officer of ADP.
"Small and medium-sized businesses were hiring at a similar pace.
Job creation among large employers was also encouraging."
According to Joel Prakken, Chairman of Macroeconomic Advisers,
LLC, "The estimate for December suggests that employment
accelerated for the fourth consecutive month, consistent with the
year-end pick-up in economic growth. Today's report, which is
notably above the consensus forecasts both for today's number and
for Friday's jobs estimate from the Bureau of Labor Statistics
(BLS), points towards a strengthening labor market."
Prakken continued: "Today's report also suggests that November's
somewhat surprising decline in the unemployment rate might stick
and, indeed, that the unemployment rate could fall further in
December. Other indicators also signal some firming of labor market
conditions, including the downward trend in unemployment claims,
upturns in consumer sentiment and confidence influenced by
perceptions about the availability of jobs, along with a rising
trend in employees voluntarily quitting their positions.
"Employment on medium payrolls -- those with 50 to 499 workers
-- rose 140,000 in December. Employment on large payrolls -- those
with 500 or more workers -- increased 37,000 during that same
period," Prakken noted.
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 -- December
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.*
Prakken said: "Employment on small payrolls -- those with up to
49 workers -- rose 148,000 in December, up from the 109,000 jobs
created among small businesses last month."
- Total nonfarm private small business employment: 148,000 jobs
created
- Goods-producing sector: 18,000 small business jobs created
- Service-providing sector: 130,000 small business jobs
created
*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.
Additional information about small business 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 January 2012 ADP National
Employment Report will be released February 1, 2012 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.
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Media Contacts: ADP Public Relations ADP (973)
974-7612 Public.Relations@adp.com Fleishman-Hillard for ADP
Allan Chernoff (212) 453-2053 (917) 239-7270 mobile
allan.chernoff@fleishman.com
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