ROSELAND, N.J., Nov. 3, 2021 /PRNewswire/ -- Private sector
employment increased by 571,000 jobs from September to October
according to the October ADP® National Employment
ReportTM. 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 data of those who are on a company's payroll,
measures the change in total nonfarm private employment each month
on a seasonally-adjusted basis.
October 2021 Report
Highlights*
View the ADP National Employment Report
Infographic at www.adpemploymentreport.com.
Total U.S. Nonfarm Private
Employment: 571,000
By Company Size
- Small businesses: 115,000
- 1-19 employees 56,000
- 20-49 employees 60,000
- Medium businesses: 114,000
- Large businesses: 342,000
- 500-999 employees 37,000
- 1,000+ employees 305,000
By Sector
- Goods-producing: 113,000
- Natural resources/mining 6,000
- Construction 54,000
- Manufacturing 53,000
- Service-providing: 458,000
- Trade/transportation/utilities
78,000
- Information 14,000
- Financial activities 15,000
- Professional/business services
88,000
- Professional/technical
services 54,000
- Management of
companies/enterprises 4,000
- Administrative/support
services 29,000
- Education/health services 56,000
- Health care/social
assistance 47,000
- Education
10,000
- Leisure/hospitality 185,000
- Other services 22,000
* Sum of components may not equal total, due to rounding.
- Franchise Employment**
**Complete details on franchise employment can be found
here.
"The labor market showed renewed momentum last month, with a
jump from the third quarter average of 385,000 monthly jobs added,
marking nearly 5 million job gains this year," said Nela Richardson, chief economist, ADP.
"Service sector providers led the increase and the goods sector
gains were broad based, reporting the strongest reading of the
year. Large companies fueled the stronger recovery in October,
marking the second straight month of impressive growth."
Mark Zandi, chief economist of
Moody's Analytics, said, "The job market is revving back up as the
Delta-wave of the pandemic winds down. Job gains are accelerating
across all industries, and especially among large companies. As
long as the pandemic remains contained, more big job gains are
likely in coming months."
The matched sample used to develop the ADP National
Employment Report was derived from ADP payroll data, which
represents 460,000 U.S. clients employing nearly 26 million workers
in the U.S. The September total of jobs added was revised from
568,000 to 523,000.
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 2021 ADP National
Employment Report will be released at 8:15 a.m. ET on December
1, 2021.
About the ADP® National Employment
ReportTM
The ADP® National Employment ReportTM 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 26 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, Inc. All other marks are the property
of their respective owners.
Copyright © 2021 ADP, Inc. All rights reserved.
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