ADP National Employment Report: Private Sector Employment Increased
by 179,000 Jobs in May
ROSELAND, NJ--(Marketwired - Jun 4, 2014) - Private sector
employment increased by 179,000 jobs from April to May according to
the May 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.
May 2014 Report
Highlights*
View the ADP National Employment Report Infographic at
www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment: 179,000
- By Company Size
- Small businesses: 82,000
- 1-19 employees 48,000
- 20-49 employees 34,000
- Medium businesses: 61,000
- Large businesses: 37,000
- 500-999 employees - 3,000
- 1,000+ employees 40,000
- By Sector
- Goods-producing 29,000
- Service-providing 150,000
- Industry Snapshot
- Construction 14,000
- Manufacturing 10,000
- Trade/transportation/utilities 35,000
- Financial activities 6,000
- Professional/business services 46,000
* Sum of components may not equal total, due to rounding.
Goods-producing employment rose by 29,000 jobs in May, up from
21,000 jobs gained in April. The construction industry added
14,000 jobs over the month, down slightly from 16,000 in
April. Meanwhile, manufacturing added 10,000 jobs in May, up
from April's 2,000 and the largest number since December last
year.
Service-providing employment rose by 150,000 jobs in May, down
from 194,000 in April. The ADP National Employment
Report indicates that professional/business services
contributed the most to the lower overall number in May -- adding
46,000 jobs, down from 75,000 in April. Expansion in
trade/transportation/utilities grew by 35,000, the same number of
jobs added in April. The 6,000 new jobs added in financial
activities was down slightly from 8,000 last month.
"After a strong post-winter rebound in April, job growth in May
slowed somewhat," said Carlos Rodriguez, president and chief
executive officer of ADP. "The 179,000 jobs added figure is
higher than May of last year and in line with the average over the
past twelve months."
Mark Zandi, chief economist of Moody's Analytics, said, "Job
growth moderated in May. The slowing in growth was
concentrated in Professional/Business Services and companies with
50-999 employees. The job market has yet to break out from the
pace of growth that has prevailed over the last three years."
To see Chart 1. Change in Total Nonfarm Private Employment,
please click here:
http://media.marketwire.com/attachments/201406/MOD-254132_Chart1.ChangeinTotalNonfarmPrivateEmployment.jpg
To see Chart 2. Historical Trend -- Change in Total Nonfarm
Private Employment, please click here:
http://media.marketwire.com/attachments/201406/MOD-254133_Chart2.HistoricalTrendChangeinTotalNonfarmPrivateEmployment.jpg
To see Chart 3. Change in Nonfarm Private Employment by Selected
Industry, please click here:
http://media.marketwire.com/attachments/201406/MOD-254135_Chart3.ChangeinNonfarmPrivateEmploymentbySelectedIndustry.jpg
To see Chart 4. Change in Nonfarm Private Employment by Company
Size, please click here:
http://media.marketwire.com/attachments/201406/MOD-254136_Chart4.ChangeinNonfarmPrivateEmploymentbyCompanySize.jpg
Payroll growth for businesses with 49 or fewer employees
increased in May adding 82,000 jobs, up from a downwardly revised
76,000 in April and almost reaching the twelve-month average of
84,000. Job growth slowed over the month for medium-sized and
large firms. Employment among medium-sized companies with
50-499 employees rose by 61,000, down from 82,000 in
April. Employment at large companies -- those with 500 or more
employees -- increased by 37,000, down from 56,000 the previous
month. Companies with 500-999 employees shed 3,000 jobs after
adding 23,000 in April.
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. The April total of jobs added was revised to
215,000.
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 2014 Small Business
Report Highlights*
Total Small Business Employment: 82,000
- By size:
- 1-19 employees 48,000
- 20-49 employees 34,000
- By sector for 1-49 employees:
- Goods producing 9,000
- Service providing 73,000
- By sector for 1-19 employees:
- Goods producing 5,000
- Service providing 43,000
- By sector for 20-49 employees:
- Goods producing 3,000
- Service providing 31,000
* 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 2014 ADP National Employment Report will be
released at 8:15 a.m. ET on July 2, 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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