Private sector employment increased by 158,000 jobs from February
to March, according to the March 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. Revisions to job gains in the two prior
months were offsetting; February's gain of 198,000 jobs was revised
up by 39,000 to 237,000, and January's 215,000 gain was revised
down by 38,000 to 177,000.
March 2013 Report Highlights*
View the ADP National Employment Report Infograph at
www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment:
158,000
- By Company Size
- Small businesses: 74,000
- 1-19 employees 44,000
- 20-49 employees 30,000
- Medium businesses: 37,000
- Large businesses: 47,000
- 500-999 employees 27,000
- 1,000+ employees 20,000
- By Sector
- Goods producing 7,000
- Service providing 151,000
- Industry Snapshot
- Construction 0
- Manufacturing 6,000
- Trade/transportation/utilities 22,000
- Financial activities 9,000
- Professional/business services 39,000
* Sum of components may not equal total, due to rounding.
Goods-producing employment rose by 7,000 jobs in March, its
slowest pace of growth in six months. Construction added no net
jobs over the month; this follows average monthly gains of 29,000
in the three months prior. Meanwhile, manufacturers added 6,000
jobs.
Service-providing jobs increased by 151,000. Among the service
industries reported by the ADP National Employment Report,
professional/business services had the largest gain with 39,000
jobs added over the month. Trade/transportation/utilities added
22,000 jobs and financial activities added 9,000 jobs.
"The U.S. private sector added 158,000 jobs in the month of
March 2013, with the majority of the new jobs created by service
providers," said Carlos A. Rodriguez, president and chief executive
officer of ADP. "Over the first quarter of 2013, the ADP National
Employment Report has reported an average gain of 191,000 new
private sector jobs per month."
Mark Zandi, chief economist of Moody's Analytics, said, "Job
growth moderated in March. Construction employment gains paused as
the rebuilding surge in the wake of Superstorm Sandy ended.
Anticipation of Health Care Reform may also be weighing on
employment at companies with close to 50 employees. The job market
continues to improve, but in fits and starts."
To see Chart 1. Change in Total Nonfarm Private
Employment, please click here:
http://media.marketwire.com/attachments/201304/MOD-142285_Chart1ChangeinTotalNonfarmPrivateEmployment.jpg
To see Chart 2. Historical Trend -- Change in
Total Nonfarm Private Employment, please click here:
http://media.marketwire.com/attachments/201304/MOD-142286_Chart2HistoricalTrend-ChangeinTotalNonfarmPrivateEmployment.jpg
To see Chart 3. Change in Nonfarm Private
Employment by Selected Industry, please click here:
http://media.marketwire.com/attachments/201304/MOD-142287_Chart3ChangeinNonfarmPrivateEmploymentbySelectedIndustry.jpg
To see Chart 4. Change in Nonfarm Private
Employment by Company Size, please click here:
http://media.marketwire.com/attachments/201304/MOD-142288_Chart4ChangeinNonfarmPrivateEmploymentbyCompanySize.jpg
Businesses with 49 or fewer employees added 74,000 jobs in
March. Employment levels among medium-sized companies with 50-499
employees rose by 37,000, while employment at large companies --
those with 500 or more employees -- increased by 47,000.
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.
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 each month in the ADP Small Business Report®,
a subset of the ADP National Employment Report.
March 2013 Small Business Report
Highlights*
Total Small Business Employment:
74,000
- By size:
- 1-19 employees 44,000
- 20-49 employees 30,000
- By sector for 1-49 employees:
- Goods producing -1,000
- Service providing 74,000
- By sector for 1-19 employees:
- Goods producing 0
- Service providing 44,000
- By sector for 20-49 employees:
- Goods producing 0
- Service providing 30,000
* 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 April 2013 ADP National Employment Report will be released
at 8:15 a.m. ET on May 1, 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® (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 (ACA). 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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