Private-sector employment increased by 206,000 from October to
November 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 gain in employment
from September to October was revised up to 130,000 from the
initially reported 110,000.
U.S. Nonfarm Private Employment Highlights --
November 2011 Report:
-- Total employment: +206,000
-- Small businesses:* +110,000
-- Medium businesses:** +84,000
-- Large businesses:*** +12,000
-- Goods-producing sector: + 28,000
-- Service-providing sector: +178,000
Addendum:
-- Manufacturing industry: +7,000
* 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 206,000 from October to
November on a seasonally adjusted basis. Employment in the private,
service-providing sector increased 178,000 in November, after
rising 130,000 in October. Employment in the private,
goods-producing sector rose 28,000 in November. Manufacturing
employment increased 7,000, offsetting the previous month's
decline, while construction employment grew 16,000.
"This month's jobs figures show positive growth in all major
sectors of the economy and are in line with the recent drop in the
national unemployment rate and weekly jobless claims," said Carlos
Rodriguez, President and CEO of ADP. "Despite fiscal uncertainties
here and abroad, owners of small- and medium-sized businesses found
ways to grow and hire in November. As in previous months, service
providers led the way in job creation."
According to Joel Prakken, Chairman of Macroeconomic Advisers,
LLC, "November's advance was the largest monthly gain since last
December and nearly twice the average monthly gain since May when
employment decelerated sharply. Today's report, notably above the
consensus forecast, suggests that employment, which decelerated
during the spring, accelerated in November. A firming of employment
was evident in the major sectors of the economy tracked in The ADP
National Employment Report, and across payrolls of most sizes."
Prakken continued: "November's increase in employment normally
would be associated with a decline in the unemployment rate. An
acceleration of employment is consistent with data showing that GDP
growth, which slowed sharply around the turn of the year, is
gradually recovering."
"Employment on medium payrolls -- those with 50 to 499 workers
-- rose 84,000 in November. Employment on large payrolls -- those
with 500 or more workers -- increased 12,000 during that same
period," Prakken noted.
The matched sample used to develop the ADP National Employment
Report was derived from ADP data, which, during 2010, averaged
about 337,000 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 -- November
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: 110,000 jobs
created
- Goods-producing sector: 15,000 small business jobs created
- Service-providing sector: 95,000 small business jobs
created
*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 110,000 in November, up from the 67,000 jobs
created among small businesses last month."
Additional information about small business 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 December 2011 ADP National
Employment Report will be released January 5, 2012, 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
2010, this subset averaged about 337,000 U.S. business clients and
represented 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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