Private-sector employment increased by 91,000 from July to August
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. The estimated advance in employment
from June to July was revised down modestly to 109,000, from the
initially reported 114,000.
U.S. Nonfarm Private Employment Highlights - August, 2011 Report:
-- Total employment: +91,000
-- Small businesses:* +58,000
-- Medium businesses:** +30,000
-- Large businesses:*** +3,000
-- Goods-producing sector: +11,000
-- Service-providing sector: +80,000
Addendum:
-- Manufacturing industry: -4,000
* 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 today's ADP National Employment Report, employment
in the nonfarm private business sector rose 91,000 from July to
August on a seasonally adjusted basis. Employment in the private,
service-providing sector rose 80,000 in August, down from increases
that averaged 115,000 per month over the prior two months.
Employment in the private goods-producing sector rose 11,000 in
August, while manufacturing employment slipped by 4,000.
"This month's jobs figures show modest job creation," said Gary
C. Butler, Chief Executive Officer of ADP. "Small businesses
continued to add the most jobs -- more than half of the total of
91,000 -- with positive growth for the 21st straight month, and an
average of 71,000 jobs a month for the past year. The professional
business services, education and healthcare sectors also added
jobs, though at a lower overall level than last month."
According to Joel Prakken, Chairman of Macroeconomic Advisers,
LLC, "Today's ADP National Employment Report suggests that the
trend in employment moderated somewhat in August at a pace below
what would be consistent with a stable unemployment rate."
Prakken continued: "Employment on medium payrolls -- those with
50 to 499 workers -- rose 30,000 and employment on large payrolls
-- those with 500 or more workers -- rose a smaller 3,000.
Employment in the construction industry rose 7,000 in August,
following three consecutive monthly declines."
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 - August 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: 58,000
- Goods-producing sector: 9,000 small business jobs
- Service-providing sector: 49,000 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.
Prakken added: "Employment on small payrolls -- those with up to
49 workers -- rose 58,000 in August, nearly equal to job creation
among small businesses last month."
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 September 2011 ADP National
Employment Report will be released October 5, 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 about $10 billion in revenues and approximately
570,000 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 human resource, 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,
recreational vehicle, and heavy equipment 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 Web
site 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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