Private-sector employment increased by 38,000 from April to May on
a seasonally adjusted basis, according to the latest ADP National
Employment Report® released today. The ADP National Employment
Report, created by Automatic Data Processing, Inc. (ADP®), in
partnership with Macroeconomic Advisers, LLC, is derived from
actual payroll data and measures the change in total nonfarm
private employment each month.
Nonfarm Private Employment Highlights -- May Report:
-- Total employment: +38,000
-- Small businesses:* +27,000
-- Medium businesses:** +30,000
-- Large businesses:*** -19,000
-- Goods-producing sector: -10,000
-- Service-providing sector: +48,000
Addendum:
-- Manufacturing industry: -9,000
* Small businesses represent payrolls with 1-49 employees
** Medium businesses represent payrolls with 50-499 employees
*** Large businesses represent payrolls with more than 499 employees
Note: All data included in the ADP National Employment Report is based on
size of payroll. In some cases, small and medium-size payrolls belong to
businesses employing more workers than indicated by the size grouping.
According to the ADP Report, employment in the service-providing
sector rose by 48,000 in May, marking 17 consecutive months of
employment gains. Employment in the goods-producing sector fell
10,000 following six months of increases. Manufacturing employment
fell 9,000 in May following seven consecutive monthly gains.
"Although we continue to see jobs being added to the economy,
this month's job figures show that employers believe we are not out
of the woods yet when it comes to decisions on hiring," said Gary
C. Butler, President and Chief Executive Officer of ADP.
According to Joel Prakken, Chairman of Macroeconomic Advisers,
LLC, "Today's ADP National Employment Report suggests that
employment growth slowed sharply in May. Employment in the nonfarm
private-business sector rose 38,000 from April to May on a
seasonally adjusted basis."
Prakken added, "A deceleration in employment, while
disappointing, is not entirely surprising. In the first quarter,
GDP grew at only a 1.8% rate and only about 2 1/4% over the last
four quarters. This is below most economists' estimate of the
economy's potential growth rate and normally would be associated
with very weak growth of employment."
The matched sample used to develop the ADP National Employment
Report was derived from ADP data, which, during the twelve-month
period through June 2010, averaged over 340,000 U.S. business
clients and represented over 21 million U.S. employees. This
approximately represents the size of the matched sample used this
month.
Small Business Highlights -- May Report:
Due to the important contribution small businesses make to economic
growth, employment data that is specific to businesses with fewer
than 50 employees is reported in the ADP Small Business Report®
each month. The ADP Small Business Report is a subset of the ADP
National Employment Report.*
- Total nonfarm private small business employment: +27,000
- Goods-producing sector: +2,000 small business jobs
- Service-providing sector: +25,000 small business jobs
*All size data included in the ADP National Employment Report is
based on size of payroll. In some cases, small and medium-size
payrolls belong to businesses employing more workers than indicated
by the size grouping.
"Employment among small businesses, defined as those with fewer
than 50 workers, rose 27,000 in May," commented Prakken.
"Employment gains in the small business service-providing sector
have increased in each of the past 18 months," Prakken added.
Additional information about small businesses employment,
including charts on monthly job growth and employment levels, along
with historical data, is available at
http://www.smallbusinessreport.adp.com.
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 2011 ADP National Employment
Report will be released July 7, 2011, at 8:15 AM ET.
About the ADP National
Employment Report® The ADP National Employment Report®,
sponsored by ADP®, was developed and is maintained by Macroeconomic
Advisers, LLC. It is a measure of employment derived from an
anonymous subset of roughly 500,000 U.S. business clients. During
the twelve month period through June 2010, this subset averaged
over 340,000 U.S. business clients and over 21 million U.S.
employees working in all private industrial sectors. The ADP Small
Business Report is a monthly estimate of private nonfarm employment
among companies in the United States with 1-49 employees and is a
subset of the ADP National Employment Report. The data for both
reports 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
properties of the series, please see "ADP National Employment
Report: Development Methodology" at
http://ADPemploymentreport.com/methodology.aspx.
About ADP Automatic Data Processing, Inc.
(NASDAQ: ADP), with nearly $9 billion in revenues and about 550,000
clients, is one of the world's largest providers of business
outsourcing solutions. Leveraging over 60 years of experience, ADP
offers a wide range of HR, payroll, tax and benefits administration
solutions from a single source. ADP's easy-to-use solutions for
employers provide superior value to companies of all types and
sizes. ADP is also a leading provider of integrated computing
solutions to auto, truck, motorcycle, marine and recreational
vehicle dealers throughout the world. For more information about
ADP or to contact a local ADP sales office, reach us at 1 (800)
225-5237 or visit the company's website at www.ADP.com.
About Macroeconomic Advisers, LLC
Macroeconomic Advisers, LLC (MA) has been the most trusted source
for U.S. macroeconomic forecasts and commentary, monetary and
fiscal policy analysis, and econometric modeling for 25 years. MA's
clients include leading financial service firms, nonfinancial
corporations, key policymaking agencies of the U.S. government, as
well as State and Foreign Government agencies. Additional
information on Macroeconomic Advisers, LLC is available on the
company's website, www.MacroAdvisers.com.
The ADP Logo, ADP, ADP National Employment Report, and ADP Small
Business Report are registered trademarks of ADP, Inc.
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Media Contacts: ADP Public Relations ADP (973)
974-7612 Public_Relations@adp.com Fleishman-Hillard for ADP
Sean Healy (212) 453-2438 (201) 218-2039 mobile
Sean.Healy@Fleishman.com
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