Private sector employment increased by 135,000 jobs from April to
May, according to the May 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. April's job gains were revised downward
to 113,000 from 119,000.
May 2013 Report Highlights*
View the ADP National Employment Report Infograph at
www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment:
135,000
- By Company Size
- Small businesses: 58,000
- 1-19 employees 37,000
- 20-49 employees 21,000
- Medium businesses: 39,000
- Large businesses: 39,000
- 500-999 employees 6,000
- 1,000+ employees 33,000
- By Sector
- Goods producing -3,000
- Service providing 138,000
- Industry Snapshot
- Construction 5,000
- Manufacturing -6,000
- Trade/transportation/utilities 31,000
- Financial activities 7,000
- Professional/business services 42,000
* Sum of components may not equal total, due to rounding.
The goods-producing sector shed a total of 3,000 jobs in May.
Although construction payrolls rose by 5,000 in May, on top of an
increase of 8,000 jobs in April, the manufacturing industry
recorded a total loss of 6,000 jobs in May.
Service-providing industries added 138,000 jobs in May, an
improvement over the April gain of 113,000. However, the gains in
May are below the average monthly gain of 156,000 during the first
quarter. Among the service industries reported by the ADP National
Employment Report, professional/business services added 42,000 jobs
added over the month, more than twice as many as in April.
Trade/transportation/utilities recorded a gain of 31,000 jobs,
while financial activities added 7,000 jobs.
"U.S. private sector employment increased by 135,000 jobs during
the month of May 2013, a slight increase over the previous month of
April," said Carlos A. Rodriguez, president and chief executive
officer of ADP. "The majority of new jobs in May came from the
service-providing sector, which added a total of 138,000 jobs,
while the goods-producing sector recorded a loss of 3,000 jobs.
Notably, a gain of 5,000 jobs in the construction industry during
May was offset by a decline of 6,000 lost jobs in the manufacturing
industry."
Mark Zandi, chief economist of Moody's Analytics, said, "The job
market continues to expand, but growth has slowed since the
beginning of the year. The slowdown is evident across all
industries and all but the largest companies. Manufacturers are
reducing payrolls. The softer job market this spring is largely due
to significant fiscal drag from tax increases and government
spending cuts."
To see Chart 1. Change in Total Nonfarm Private
Employment, please click here:
http://media.marketwire.com/attachments/201306/MOD-160971_Chart1.ChangeinTotalNonfarmPrivateEmployment.jpg
To see Chart 2. Historical Trend -- Change in
Total Nonfarm Private Employment, please click here:
http://media.marketwire.com/attachments/201306/MOD-160972_Chart2.HistoricalTrend-ChangeinTotalNonfarmPrivateEmployment.jpg
To see Chart 3. Change in Nonfarm Private
Employment by Selected Industry, please click here:
http://media.marketwire.com/attachments/201306/MOD-160973_Chart3.ChangeinNonfarmPrivateEmploymentbySelectedIndustry.jpg
To see Chart 4. Change in Nonfarm Private
Employment by Company Size, please click here:
http://media.marketwire.com/attachments/201306/MOD-160974_Chart4.ChangeinNonfarmPrivateEmploymentbyCompanySize.jpg
Businesses with 49 or fewer employees added 58,000 jobs in May.
Employment levels among medium-sized companies with 50-499
employees rose by 39,000, while employment at large companies --
those with 500 or more employees -- also increased by 39,000.
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.
May 2013 ADP Small
Business Report Highlights*
Total Small Business Employment:
58,000
- By size:
- 1-19 employees 37,000
- 20-49 employees 21,000
- By sector for 1-49 employees:
- Goods producing 1,000
- Service providing 58,000
- By sector for 1-19 employees:
- Goods producing 1,000
- Service providing 36,000
- By sector for 20-49 employees:
- Goods producing 0
- Service providing 21,000
* 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 June 2013 ADP National Employment Report will be released at
8:15 a.m. ET on July 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 proprietary
analyses from 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 $2.7 billion in
2012, employs approximately 6,800 people worldwide and has a
presence in 28 countries. Further information is available at
www.moodysanalytics.com.
About ADP With more than $10 billion in
revenues and more than 60 years of experience, ADP® (NASDAQ: ADP)
serves approximately 600,000 clients in more than 125 countries. As
one of the world's largest providers of business outsourcing and
human capital management solutions, 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 (617)
520-7048 krambo@webershandwick.com
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