ADP National Employment Report: Private Sector Employment Increased by 125,000 Jobs in October
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
- 50-499 employees 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**
- Franchise jobs 30,100
**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
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