ROSELAND, N.J., Oct. 30, 2019 /PRNewswire/ -- Private
sector employment increased by 125,000 jobs from September to
October according to the October ADP National Employment
Report®. Broadly distributed to the public
each month, free of charge, the ADP National Employment
Report is produced by the ADP Research Institute® in
collaboration with Moody's Analytics. The report, which is
derived from ADP's actual payroll data, measures the change in
total nonfarm private employment each month on a
seasonally-adjusted basis.
October 2019 Report
Highlights*
View the ADP National Employment Report
Infographic at www.adpemploymentreport.com.
Total U.S. Nonfarm Private
Employment: 125,000
By Company Size
- Small businesses: 17,000
- 1-19 employees -12,000
- 20-49 employees 30,000
- Medium businesses:
64,000
- Large businesses: 44,000
- 500-999 employees 10,000
- 1,000+ employees 33,000
By Sector
- Goods-producing:
-13,000
- Natural resources/mining -4,000
- Construction -4,000
- Manufacturing -4,000
- Service-providing:
138,000
- Trade/transportation/utilities
32,000
- Information 3,000
- Financial activities 17,000
- Professional/business services
18,000
- Professional/technical
services 11,000
- Management of
companies/enterprises 4,000
- Administrative/support
services 3,000
- Education/health services
41,000
- Health care/social
assistance 35,000
- Education 5,000
- Leisure/hospitality 19,000
- Other services 9,000
* Sum of components may not equal total, due to rounding.
- Franchise Employment**
**Complete details on franchise employment can be found
here.
"While job growth continues to soften, there are certain
segments of the labor market that remain strong," said Ahu
Yildirmaz, vice president and co-head of the ADP Research
Institute. "The goods producing sector showed weakness; however,
the healthcare industry and midsized companies had solid
gains."
Mark Zandi, chief economist of
Moody's Analytics, said, "Job growth has throttled way back over
the past year. The job slowdown is most pronounced at manufacturers
and small companies. If hiring weakens any further, unemployment
will begin to rise."
The matched sample used to develop the ADP National
Employment Report was derived from ADP payroll data, which
represents 411,000 U.S. clients employing nearly 24 million workers
in the U.S. The September total of jobs added was revised
down from 135,000 to 93,000.
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 November 2019 ADP National
Employment Report will be released at 8:15 a.m. ET on December
4, 2019.
About the ADP National Employment
Report®
The ADP National Employment
Report® is a monthly measure of the change in total
U.S. nonfarm private employment derived from actual, anonymous
payroll data of client companies served by ADP®, a
leading provider of human capital management solutions. The
report, which measures nearly 24 million U.S. workers, is produced
by the ADP Research Institute®, a specialized group
within the company that provides insights around employment trends
and workforce strategy, in collaboration with Moody's Analytics,
Inc.
Each month, ADP Research Institute issues the ADP National
Employment Report as part of the company's commitment to adding
deeper insights into the U.S. labor market and providing
businesses, governments and others with a source of credible and
valuable information. The ADP National Employment
Report is broadly distributed to the public each month, free of
charge.
The data for this report 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
model used to create this report, please see the ADP National
Employment Report: Development Methodology.
About the ADP Research Institute
The mission of the
ADP Research Institute is to generate data-driven discoveries about
the world of work, and to derive reliable economic indicators from
these insights. We offer these findings to the world at large as
our unique contribution to making the world of work better and more
productive, and to bring greater awareness to the economy at
large.
About Moody's Analytics
Moody's Analytics
provides financial intelligence and analytical tools to help
business leaders make better, faster decisions. Our deep risk
expertise, expansive information resources, and innovative
application of technology help our clients confidently navigate an
evolving marketplace. We are known for our industry-leading and
award-winning solutions, made up of research, data, software, and
professional services, assembled to deliver a seamless customer
experience. We create confidence in thousands of organizations
worldwide, with our commitment to excellence, open mindset
approach, and focus on meeting customer needs.
About ADP (NASDAQ – ADP)
Designing better ways to
work through cutting-edge products, premium services and
exceptional experiences that enable people to reach their full
potential. HR, Talent, Time Management, Benefits and Payroll.
Informed by data and designed for people. Learn more at
ADP.com
ADP, the ADP logo, and Always Designing for People,
ADP National Employment Report, ADP Small Business Report, ADP
National Franchise Report, and ADP Research Institute are
registered trademarks of ADP, LLC. All other marks are the property
of their respective owners.
Copyright © 2019 ADP, LLC. All rights reserved.
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