Private sector employment increased by 198,000 jobs from January to
February, according to the February ADP National Employment
Report®, which is produced by ADP®, a leading provider of human
capital management solutions, 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. The January 2013 report,
which reported job gains of 192,000, was revised upward by 23,000
to 215,000 jobs.
February 2013 Report Highlights*
View the ADP National Employment Report Infograph at
www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment:
198,000
- By Company Size
- Small businesses: 77,000
- 1-19 employees 47,000
- 20-49 employees 29,000
- Medium businesses: 65,000
- Large businesses: 57,000
- 500-999 employees 23,000
- 1,000+ employees 34,000
- By Sector
- Goods producing 34,000
- Service providing 164,000
- Industry Snapshot
- Construction 21,000
- Manufacturing 9,000
- Trade/transportation/utilities 45,000
- Financial activities 7,000
- Professional/business services 35,000
* Sum of components may not equal total, due to rounding.
Goods-producing employment rose by 34,000 jobs in February,
driven largely by a gain in construction jobs of 21,000. Meanwhile,
manufacturers added 9,000 jobs.
Service-providing jobs increased by 164,000. Among the service
industries reported by the ADP National Employment Report,
trade/transportation/utilities services showed the largest gain
with 45,000 jobs added over the month. Business/professional
services added 35,000 jobs and financial activities added 7,000
jobs.
"In February 2013, the U.S. private sector added a total of
198,000 new jobs, with most of this job growth occurring in the
services sector," noted Carlos A. Rodriguez, president and chief
executive officer of ADP. "This growth can be attributed to
comparable contributions across all three company size
segments."
Mark Zandi, chief economist of Moody's Analytics, said, "The job
market remains sturdy in the face of significant fiscal headwinds.
Businesses are adding to payrolls more strongly at the start of
2013 with gains across all industries and business sizes. Tax
increases and government spending cuts don't appear to be affecting
the job market."
To see Chart 1. Change in Total Nonfarm Private
Employment, please click here:
http://media.marketwire.com/attachments/201303/MOD-134310_Chart1.ChangeinTotalNonfarmPrivateEmployment.jpg
To see Chart 2. Historical Trend - Change in
Total Nonfarm Private Employment, please click here:
http://media.marketwire.com/attachments/201303/MOD-134311_Chart2.HistoricalTrend-ChangeinTotalNonfarmPrivateEmployment.jpg
To see Chart 3. Change in Nonfarm Private
Employment by Selected Industry, please click here:
http://media.marketwire.com/attachments/201303/MOD-134312_Chart3.ChangeinNonfarmPrivateEmploymentbySelectedIndustry.jpg
To see Chart 4. Change in Nonfarm Private
Employment by Company Size, please click here:
http://media.marketwire.com/attachments/201303/MOD-134313_Chart4.ChangeinNonfarmPrivateEmploymentbyCompanySize.jpg
Businesses with 49 or fewer employees added 77,000 jobs in
February. Employment levels among medium-sized companies with
50-499 employees rose by 65,000, while employment at large
companies -- those with 500 or more employees -- increased by
57,000.
The matched sample used to develop the ADP National Employment
Report was derived from ADP payroll data, which represents 416,000
U.S. clients employing nearly 24 million workers in the U.S.
----------------------------------------------------------------------------
Notice of Annual Revisions to the ADP National Employment Report®
ADP®, in conjunction with Moody's Analytics, has published the following
scheduled annual revisions to the estimates of employment shown in the ADP
National Employment Report:
-- New regression coefficients and historical job growth estimates based
on ADP data and revised payroll data through December 2012 from the Bureau
of Labor Statistics;
-- Incorporation of March 2012 industry and size class data from the
Quarterly Census of Employment and Wages (QCEW) in the generation process;
and
-- Adjustments of historical job growth estimates consistent with QCEW
data through March 2012 and the U.S. Bureau of Labor Statistics' annual
benchmarking process.
Note: No revisions have been made to the methodology of computing the
estimates of employment shown in the ADP National Employment Report.
Annual revisions can be found by accessing the Historical Data File on
http://www.adpemploymentreport.com.
----------------------------------------------------------------------------
ADP Small Business Report®: Due to the important
contribution that small businesses make to economic growth,
employment data that are specific to businesses with 49 or fewer
employees is reported monthly in the ADP Small Business Report®, a
subset of the ADP National Employment Report.
February 2013 Small Business Report
Highlights*
Total Small Business Employment:
77,000
- By Size:
- 1-19 employees 47,000
- 20-49 employees 29,000
- By Sector for 1-49 Employees:
- Goods producing 16,000
- Service providing 60,000
- By Sector for 1-19 Employees:
- Goods producing 12,000
- Service providing 36,000
- By Sector for 20-49 Employees:
- Goods producing 4,000
- Service providing 25,000
* Sum of components may not equal total, due to rounding.
Additional information about small business employment,
including charts on monthly job growth and employment levels along
with historical data, is available at
www.adpemploymentreport.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 March 2013 ADP National Employment Report will be released
at 8:15 a.m. ET on April 3, 2013.
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.
The ADP Small Business Report is a monthly estimate of private
nonfarm employment among companies in the U.S. 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
model used to create this report, please see "ADP National
Employment Report: Development Methodology" at
www.adpemploymentreport.com/docs/ADP-NER-Methodology-Full-Detail.pdf.
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 $2.3 billion in
2011, employs approximately 6,500 people worldwide and has a
presence in 28 countries. Further information is available at
www.moodysanalytics.com.
About ADP ADP, Inc. (NASDAQ: ADP), with
more than $10 billion in revenues and approximately 600,000
clients, is one of the world's largest providers of business
outsourcing and human capital management solutions. Leveraging over
60 years of experience and a global footprint spanning more than 40
countries, ADP offers a wide range of human resource, payroll,
talent management, tax and benefits administration solutions from a
single source, and helps clients comply with regulatory and
legislative changes, such as the Affordable Care Act. 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.
The ADP logo, ADP, ADP National Employment Report, and ADP Small
Business Report are registered trademarks of ADP, Inc. ADP Research
Institute is a service mark of ADP, Inc. Copyright © 2013, ADP,
Inc.
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Media Contact: Kate Rambo Weber Shandwick for ADP
(212) 445-8281 krambo@webershandwick.com
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