ADP National Employment Report: Private Sector Employment Increased
by 220,000 Jobs in April
ROSELAND, NJ--(Marketwired - Apr 30, 2014) - Private sector
employment increased by 220,000 jobs from March to April according
to the April 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.
April 2014 Report
Highlights*
View the ADP National Employment Report Infographic at
www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment: 220,000
- By Company Size
- Small businesses: 82,000
- 1-19 employees 52,000
- 20-49 employees 31,000
- Medium businesses: 81,000
- Large businesses: 57,000
- 500-999 employees 26,000
- 1,000+ employees 30,000
- By Sector
- Goods-producing 24,000
- Service-providing 197,000
- Industry Snapshot
- Construction 19,000
- Manufacturing 1,000
- Trade/transportation/utilities 34,000
- Financial activities 8,000
- Professional/business services 77,000
* Sum of components may not equal total, due to rounding.
Goods-producing employment rose by 24,000 jobs in April, down
from 28,000 jobs gained in March. Most of the gains again came
from the construction industry which added 19,000 jobs over the
month, compared to 21,000 in March. Manufacturing continued to
be sluggish adding 1,000 jobs in April, down from 4,000 in
March.
Service-providing employment rose by 197,000 jobs in April, up
from the upwardly revised 181,000 in March. The ADP
National Employment Report indicates that professional/
business services contributed the most to growth in
service-providing industries, adding 77,000 jobs, up from 67,000 in
March. Expansion in trade/transportation/utilities grew by
34,000, about equal to the 35,000 jobs added in March. The
8,000 new jobs in financial activities mark the strongest pace of
growth in the industry since June 2013.
"The 220,000 U.S. private sector jobs added in April is well
above the twelve-month average," said Carlos Rodriguez, president
and chief executive officer of ADP. "Job growth appears to be
trending up and hopefully this will continue."
Mark Zandi, chief economist of Moody's Analytics, said, "The job
market is gaining strength. After a tough winter employers are
expanding payrolls across nearly all industries and company
sizes. The recent pickup in job growth at mid-sized companies
may signal better business confidence. Job market prospects
are steadily improving."
To see Chart 1. Change in Total Nonfarm Private Employment,
please click here:
http://media.marketwire.com/attachments/201404/MOD-244856_Chart1.ChangeinTotalNonfarmPrivateEmployment.jpg
To see Chart 2. Historical Trend -- Change in Total Nonfarm
Private Employment, please click here:
http://media.marketwire.com/attachments/201404/MOD-244857_Chart2.HistoricalTrendChangeinTotalNonfarmPrivateEmployment.jpg
To see Chart 3. Change in Nonfarm Private Employment by Selected
Industry, please click here:
http://media.marketwire.com/attachments/201404/MOD-244858_Chart3.ChangeinNonfarmPrivateEmploymentbySelectedIndustry.jpg
To see Chart 4. Change in Nonfarm Private Employment by Company
Size, please click here:
http://media.marketwire.com/attachments/201404/MOD-244859_Chart4.ChangeinNonfarmPrivateEmploymentbyCompanySize.jpg
Payroll growth for businesses with 49 or fewer employees
increased slightly in April adding 82,000 jobs, up from an upwardly
revised 81,000 in March and almost reaching the twelve-month
average of 84,000. Job growth accelerated over the month for
medium-sized firms while dropping for large firms. Employment
among medium-sized companies with 50-499 employees rose by 81,000,
the most jobs added since December 2012. Employment at large
companies -- those with 500 or more employees -- increased by
57,000, down from an upwardly revised 71,000 the previous
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.
April 2014 Small
Business Report Highlights*
Total Small Business Employment: 82,000
- By size:
- 1-19 employees 52,000
- 20-49 employees 31,000
- By sector for 1-49 employees:
- Goods producing 12,000
- Service providing 70,000
- By sector for 1-19 employees:
- Goods producing 8,000
- Service providing 43,000
- By sector for 20-49 employees:
- Goods producing 4,000
- Service providing 27,000
* 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 May 2014 ADP National Employment Report will be
released at 8:15 a.m. ET on June 4, 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 this report 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 $3.0 billion in
2013, employs approximately 8,400 people worldwide, and has a
presence in 31 countries. More 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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