ROSELAND, N.J., April 3, 2019 /PRNewswire/ -- Private sector
employment increased by 129,000 jobs from February to March
according to the March 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.
March 2019 Report
Highlights*
View the ADP National Employment Report
Infographic at www.adpemploymentreport.com.
Total U.S. Nonfarm Private
Employment: 129,000
By Company Size
- Small businesses: 6,000
- 1-19 employees -9,000
- 20-49 employees 14,000
- Medium businesses: 63,000
- Large businesses: 60,000
- 500-999 employees 15,000
- 1,000+ employees 45,000
By Sector
- Goods-producing:
-6,000
- Natural resources/mining 2,000
- Construction -6,000
- Manufacturing -2,000
- Service-providing:
135,000
- Trade/transportation/utilities
9,000
- Information 11,000
- Financial activities -1,000
- Professional/business services
41,000
- Professional/technical
services 11,000
- Management of
companies/enterprises 7,000
- Administrative/support
services 22,000
- Education/health services 56,000
- Health care/social
assistance 42,000
- Education 14,000
- Leisure/hospitality 13,000
- Other services 6,000
* Sum of components may not equal total, due to rounding.
- Franchise Employment**
**Complete details on franchise employment can be found
here.
"March posted the slowest employment increase in 18 months,"
said Ahu Yildirmaz, vice president and co-head of the ADP Research
Institute. "Although some service sectors showed continued
strength, we saw weakness in the goods producing sector."
Mark Zandi, chief economist of
Moody's Analytics, said, "The job market is weakening, with
employment gains slowing significantly across most industries and
company sizes. Businesses are hiring cautiously as the economy is
struggling with fading fiscal stimulus, the trade uncertainty, and
the lagged impact of Fed tightening. If employment growth weakens
much 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 February total of jobs added was revised up from
183,000 to 197,000.
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 April 2019 ADP National
Employment Report will be released at 8:15 a.m. ET on May 1,
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 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 Moody's Analytics
Moody's Analytics helps capital markets and risk management
professionals worldwide respond to an evolving marketplace with
confidence. The company offers unique tools and best practices for
measuring and managing risk through expertise and experience in
credit analysis, economic research and financial risk management.
By providing leading-edge software, advisory services, and
research, including the proprietary analysis of Moody's Investors
Service, Moody's Analytics integrates and customizes its offerings
to address specific business challenges. Moody's Analytics is a
subsidiary of Moody's Corporation (NYSE: MCO), which reported
revenue of $3.5 billion in 2015,
employs approximately 10,800 people worldwide and maintains a
presence in 36 countries. Further information is available
at www.moodysanalytics.com.
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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