ROSELAND, N.J., Oct. 31, 2018 /PRNewswire/ -- Private sector
employment increased by 227,000 jobs from September to October
according to the October 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.
October 2018 Report
Highlights*
View the ADP National Employment Report Infographic
at www.adpemploymentreport.com.
Total U.S. Nonfarm Private
Employment: 227,000
By Company Size
- Small businesses: 29,000
- 1-19 employees 7,000
- 20-49 employees 22,000
- Medium businesses:
96,000
- Large businesses: 102,000
- 500-999 employees 30,000
- 1,000+ employees 73,000
By Sector
- Goods-producing:
38,000
- Natural resources/mining 4,000
- Construction 17,000
- Manufacturing 17,000
- Service-providing:
189,000
- Trade/transportation/utilities
61,000
- Information 4,000
- Financial activities 4,000
- Professional/business services
36,000
- Professional/technical services
17,000
- Management of
companies/enterprises 4,000
- Administrative/support services
15,000
- Education/health services 31,000
- Health care/social assistance
31,000
- Education 0
- Leisure/hospitality 40,000
- Other services 13,000
* Sum of components may not equal total, due to rounding.
- Franchise Employment**
**Complete details on franchise employment can be found
here.
"Despite a significant shortage in skilled talent, the labor
market continues to grow," said Ahu Yildirmaz, vice president and
co-head of the ADP Research Institute."We saw significant gains
across all industries with trade and leisure and hospitality
leading the way. We continue to see larger employers benefit
in this environment as they are more apt to provide the competitive
wages and strong benefits employees desire."
Mark Zandi, chief economist of
Moody's Analytics, said, "The job market bounced back strongly last
month despite being hit by back-to-back hurricanes. Testimonial to
the robust employment picture is the broad-based gains in jobs
across industries. The only blemish is the struggles small
businesses are having filling open job positions."
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 September total of jobs added was revised
down from 230,000 to 218,000.
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 November 2018 ADP National
Employment Report will be released at 8:15 a.m. ET on December
5, 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 (NYSE: MCO), 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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