ROSELAND, N.J., March 2, 2022 /PRNewswire/ -- Private sector
employment increased by 475,000 jobs from January to February
according to the February 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.
February 2022 Report
Highlights*
View the ADP National Employment Report
Infographic at www.adpemploymentreport.com.
Total U.S. Nonfarm Private
Employment: 475,000
By Company Size
- Small
businesses: -96,000
- 1-19 employees -95,000
- 20-49 employees -1,000
- Medium
businesses: 18,000
- Large
businesses: 552,000
- 500-999 employees 23,000
- 1,000+ employees 528,000
By Sector
-
Goods-producing: 57,000
- Natural
resources/mining 2,000
- Construction 26,000
- Manufacturing 30,000
-
Service-providing: 417,000
- Trade/transportation/utilities
98,000
- Information 8,000
- Financial activities 11,000
- Professional/business
services 72,000
- Professional/technical services
40,000
- Management of
companies/enterprises 4,000
- Administrative/support services
29,000
- Education/health
services 40,000
- Health care/social
assistance 38,000
-
Education 2,000
- Leisure/hospitality 170,000
- Other services 18,000
* Sum of components may not equal total, due to rounding.
- Franchise Employment**
**Complete details on franchise employment can be found
here.
"Hiring remains robust but capped by reduced labor supply
post-pandemic. Last month large companies showed they are
well-poised to compete with higher wages and benefit offerings, and
posted the strongest reading since the early days of the pandemic
recovery," said Nela Richardson,
chief economist, ADP. "Small companies lost ground as they continue
to struggle to keep pace with the wages and benefits needed to
attract a limited pool of qualified workers."
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 January total of jobs added was revised from
-301,000 to 509,000.
In February's report, the following scheduled annual revisions
have been reflected in the estimates of employment shown in the ADP
National Employment Report:
- Adjustments of historical job growth estimates consistent with
Quarterly Census of Employment and Wages (QCEW) data through
March 2021 and the U.S. Bureau of
Labor Statistics' annual benchmarking process.
- Incorporation of March 2021
industry and size class data from the QCEW in the generation
process.
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 March 2022 ADP National
Employment Report will be released at 8:15 a.m. ET on March 30,
2022.
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 © 2022 ADP, Inc. All rights reserved.
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