ROSELAND, N.J., June 5, 2019 /PRNewswire/ -- Private sector
employment increased by 27,000 jobs from April to May according to
the May 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.
May 2019 Report
Highlights*
View the ADP National Employment Report
Infographic at www.adpemploymentreport.com.
Total U.S. Nonfarm Private
Employment: 27,000
By Company Size
- Small businesses: -52,000
- 1-19 employees -50,000
- 20-49 employees -2,000
- Medium businesses: 11,000
- Large businesses:
68,000
- 500-999 employees 9,000
- 1,000+ employees 59,000
By Sector
- Goods-producing:
-43,000
- Natural resources/mining -4,000
- Construction -36,000
- Manufacturing -3,000
- Service-providing:
71,000
- Trade/transportation/utilities
0
- Information -3,000
- Financial activities 13,000
- Professional/business services
22,000
- Professional/technical
services 14,000
- Management of
companies/enterprises 3,000
- Administrative/support
services 5,000
- Education/health services 33,000
- Health care/social
assistance 34,000
- Education
-1,000
- Leisure/hospitality 16,000
- 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.
"Following an overly strong April, May marked the smallest gain
since the expansion began," said Ahu Yildirmaz, vice president and
co-head of the ADP Research Institute. "Large companies continue to
remain strong as they are better equipped to compete for labor in a
tight labor market."
Mark Zandi, chief economist of
Moody's Analytics, said, "Job growth is moderating. Labor shortages
are impeding job growth, particularly at small companies, and
layoffs at brick-and-mortar retailers are hurting."
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 April total of jobs added was revised down from
275,000 to 271,000.
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 June 2019 ADP National
Employment Report will be released at 8:15 a.m. ET on July 3,
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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