ADP National Employment Report: Private Sector Employment Increased
by 238,000 Jobs in December
ROSELAND, NJ--(Marketwired - Jan 8, 2014) - Private sector
employment increased by 238,000 jobs from November to December,
according to the December ADP National Employment
Report®. Broadly distributed to the public each month,
free of charge, the ADP National Employment Report is
produced by ADP®, a leading global provider of Human Capital
Management (HCM) 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.
December 2013 Report
Highlights*
View the ADP National Employment Report Infograph at
www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment: 238,000
- By Company Size
- Small businesses: 108,000
- 1-19 employees 55,000
- 20-49 employees 53,000
- Medium businesses: 59,000
- Large businesses: 71,000
- 500-999 employees -3,000
- 1,000+ employees 74,000
- By Sector
- Goods-producing 69,000
- Service-providing 170,000
- Industry Snapshot
- Construction 48,000
- Manufacturing 19,000
- Trade/transportation/utilities 47,000
- Financial activities 10,000
- Professional/business services 53,000
* Sum of components may not equal total, due to rounding.
Goods-producing employment rose by 69,000 jobs in December, up
from an upwardly revised figure of 46,000 in
November. Construction had its best month since 2006, adding
48,000 to payrolls. Manufacturing was strong as well, but
growth slowed slightly to 19,000 in December. Over the course of
2013, goods-producers added 286,000 jobs. Nearly 75 percent of
these gains came from construction as the housing recovery
accelerated throughout 2013.
Service-providing industries added 170,000 jobs in December,
down slightly from an upwardly revised November figure of
182,000. The ADP National Employment Report indicates
that professional/ business services contributed the most to growth
in service-providing industries, adding 53,000 jobs. This was the
largest gain in the industry in a year. Expansion in
trade/transportation/utilities slowed slightly, adding 47,000 jobs
in December. Private payrolls increased by nearly 1.9 million
jobs in the service-providing industries in 2013. The bulk of
this increase was split evenly between
transportation/trade/utilities and professional/business
services. Finance brought up the rear gaining just 59,000 in
the last twelve months.
"The U.S. private sector added 238,000 jobs in December,
surpassing November as the strongest month for job growth in 2013,"
said Carlos Rodriguez, president and chief executive officer of
ADP. "It's encouraging news that hopefully bodes well for
2014."
Mark Zandi, chief economist of Moody's Analytics, said, "The job
market ended 2013 on a high note. Job growth meaningfully
accelerated and is now over 200,000 per month. Job gains are
broad-based across industries, most notably in construction and
manufacturing. It appears that businesses are growing more
confident and increasing their hiring."
To see Chart 1. Change in Total Nonfarm Private Employment,
please click here:
http://media.marketwire.com/attachments/201401/MOD-214357_Chart1.ChangeinTotalNonfarmPrivateEmployment.jpg
To see Chart 2. Historical Trend -- Change in Total Nonfarm
Private Employment, please click here:
http://media.marketwire.com/attachments/201401/MOD-214358_Chart2.HistoricalTrendChangeinTotalNonfarmPrivateEmployment.jpg
To see Chart 3. Change in Nonfarm Private Employment by Selected
Industry, please click here:
http://media.marketwire.com/attachments/201401/MOD-214359_Chart3.ChangeinNonfarmPrivateEmploymentbySelectedIndustry.jpg
To see Chart 4. Change in Nonfarm Private Employment by Company
Size, please click here:
http://media.marketwire.com/attachments/201401/MOD-214360_Chart4.ChangeinNonfarmPrivateEmploymentbyCompanySize.jpg
Payroll growth for businesses with 49 or fewer employees
accelerated in December, adding 108,000 jobs. This is the
fastest that small businesses have grown since the beginning of
2012. Employment levels among medium-sized companies with 50-499
employees rose by 59,000 and employment at large companies -- those
with 500 or more employees -- increased by 71,000. Both of these
figures are relatively unchanged from last month.
The matched sample used to develop the ADP National
Employment Report was derived from ADP payroll data, which
represents 411,000 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.
December 2013
Small Business Report Highlights*
Total Small Business Employment: 108,000
- By size:
- 1-19 employees 55,000
- 20-49 employees 53,000
- By sector for 1-49 employees:
- Goods producing 28,000
- Service providing 79,000
- By sector for 1-19 employees:
- Goods producing 15,000
- Service providing 40,000
- By sector for 20-49 employees:
- Goods producing 14,000
- Service providing 39,000
* 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 January 2014 ADP National Employment Report will be
released at 8:15 a.m. ET on February 5, 2014.
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.
Each month, ADP issues the ADP National Employment
Report as part of the company's commitment to adding deeper
insights into the U.S. labor market and providing businesses,
governments and others with a source of credible and valuable
information. The ADP National Employment Report is
broadly distributed to the public each month, free of charge.
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 $11 billion in revenues and more than
60 years of experience, ADP® (NASDAQ: ADP) serves approximately
620,000 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, visit the company's Web site at www.adp.com.
The ADP logo, ADP, the ADP National Employment Report, the
ADP Small Business Report and the ADP Research Institute are
registered trademarks of ADP, Inc. All other marks are the
property of their respective owners. Copyright © 2014 ADP,
Inc.
Media Contacts: Dick Wolfe ADP (973) 974-7034 dick.wolfe@adp.com
Kate Rambo Weber Shandwick for ADP (617) 520-7048
krambo@webershandwick.com
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