ROSELAND, N.J., April 4, 2018 /PRNewswire/ -- Private sector
employment increased by 241,000 jobs from February to March
according to the March ADP National Employment
Report®. Broadly
distributed to the public each month, free of charge, the ADP
National Employment Report is produced by the ADP Research
Institute® 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.
March 2018 Report
Highlights*
View the ADP National Employment Report
Infographicat www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment:
241,000
By Company Size
- Small businesses: 47,000
-
- 1-19 employees 35,000
- 20-49 employees 12,000
- Medium businesses: 127,000
-
- Large businesses: 67,000
-
- 500-999 employees 13,000
- 1,000+ employees 54,000
By Sector
- Goods-producing:
65,000
-
- Natural resources/mining 5,000
- Construction 31,000
- Manufacturing 29,000
- Service-providing:
176,000
-
- Trade/transportation/utilities 40,000
- Information 3,000
- Financial activities 18,000
- Professional/business services 44,000
-
- Professional/technical services 27,000
- Management
of
companies/enterprises 3,000
- Administrative/support services 13,000
- Education/health services 28,000
-
- Health care/social assistance 29,000
- Education -1,000
- Leisure/hospitality 26,000
- Other services 17,00
* Sum of components may not equal total, due to
rounding.
**Complete details on franchise employment can be
found here.
"We saw impressive momentum in the first quarter of 2018
with more jobs added per month on average than in 2017," said Ahu
Yildirmaz, vice president and co-head of the ADP Research
Institute. "Midsized businesses added nearly half of all jobs this
month, the best growth this segment has seen since the fall of
2014. The manufacturing industry also performed well, with its
strongest increase in more than three years."
Mark Zandi, chief economist
of Moody's Analytics, said, "The job market is rip-roaring. Monthly
job growth remains firmly over 200,000, double the pace of labor
force growth. The tight labor market continues to
tighten."
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 February total of jobs added was revised up from
235,000 to 246,000.
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 2018 ADP
National Employment Report will be released at 8:15 a.m. ET on May 2,
2018.
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 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 the
ADP National Employment Report:
Development Methodology.
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, which reported revenue of $3.5 billion in 2015, employs approximately
10,800 people worldwide and maintains a presence in 36 countries.
Further information is available at
www.moodysanalytics.com.
About ADP (NASDAQ:
ADP)
Powerful technology plus a human touch.
Companies of all types and sizes around the world rely on ADP cloud
software and expert insights to help unlock the potential of their
people. HR. Talent. Benefits. Payroll. Compliance. Working together
to build a better workforce. For more information, visit
ADP.com.
ADP, the ADP logo, ADP A more human resource., ADP
National Employment Report, ADP Small Business Report, ADP National
Franchise Report, and ADP Research Institute are registered
trademarks of ADP, LLC. All other marks are the property of their
respective owners.
Copyright © 2018 ADP, LLC. All rights
reserved.
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