ROSELAND, N.J., Oct. 5, 2022
/PRNewswire/ -- Private sector employment increased by 208,000 jobs
in September and annual pay was up 7.8% year-over-year, according
to the September ADP® National Employment Report™
produced by the ADP Research Institute® in collaboration
with the Stanford Digital Economy Lab ("Stanford Lab").
The jobs report and pay insights use ADP's fine-grained
anonymized and aggregated payroll data of over 25 million U.S.
employees to provide a representative picture of the labor market.
The report details the current month's total private employment
change, and weekly job data from the previous month. ADP's pay
measure uniquely captures the earnings of a cohort of almost 10
million employees over a 12-month period.
"We are continuing to see steady job gains," said Nela Richardson, chief economist, ADP. "While
job stayers saw a pay increase, annual pay growth for job changers
in September is down from August."
September 2022 Report
Highlights*
View the ADP National Employment Report and interactive
charts at www.adpemploymentreport.com.
JOBS REPORT
Job growth picked up in September
Businesses created
208,000 jobs in September, up from a revised 185,000 in August, as
schools reopened and pandemic concerns receded. But while job
growth is stable, it remains below the recent three-month
average.
Change in U.S. Private Employment:
208,000
Change by Industry Sector
- Goods-producing: -29,000
- Natural resources/mining -16,000
- Construction 0
- Manufacturing -13,000
- Service-providing:
237,000
- Trade/transportation/utilities 147,000
- Information -19,000
- Financial activities -16,000
- Professional/business services 57,000
- Education/health services 38,000
- Leisure/hospitality 31,000
- Other services -1,000
Change by U.S. Regions
- Northeast: 39,000
- New England -11,000
- Middle Atlantic 50,000
- Midwest: 25,000
- East North Central 27,000
- West North Central -2,000
- South: 89,000
- South Atlantic 57,000
- East South Central 7,000
- West South Central 25,000
- West: 55,000
- Mountain -9,000
- Pacific 64,000
Change by Establishment Size
- Small establishments: 58,000
- 1-19 employees 45,000
- 20-49 employees 13,000
- Medium establishments: 90,000
- 50-249 employees 61,000
- 250-499 employees 29,000
- Large establishments: 60,000
PAY INSIGHTS
Job changers lost momentum in September
Job changers,
who have been notching double-digit, year-over-year gains since the
summer of 2021, lost momentum in September. Their annual pay rose
15.7 percent, down from a revised 16.2 percent gain in August. It's
the biggest deceleration in the three-year history of our data. For
job stayers, annual pay rose 7.8 percent in September from a year
ago, up from a revised 7.7 percent in August.
Median Change in Annual Pay (ADP matched person
sample)
- Job-Stayers 7.8%
-
Job-Changers 15.7%
Median Change in Annual Pay for Job-Stayers by Industry
Sector
-
Goods-producing:
- Natural resources/mining 8.0%
- Construction 7.0%
- Manufacturing 7.8%
-
Service-providing:
- Trade/transportation/utilities 8.6%
- Information 7.6%
- Financial activities 7.7%
- Professional/business services 6.9%
- Education/health services 7.2%
- Leisure/hospitality 11.9%
- Other services 6.9%
Median Change in Annual Pay for Job-Stayers by Firm
Size
- Small
firms:
- 1-19 employees
5.6%
- 20-49
employees
7.4%
- Medium
firms:
- 50-249
employees
8.1%
- 250-499
employees
8.0%
- Large
firms:
To see Pay Insights by U.S. State, Gender, and Age for
Job-Stayers, visit here:
* Sum of components may not equal total, due to rounding.
The historical data file, and weekly data for the previous
month, is available at https://adpemploymentreport.com/.
To subscribe to monthly email alerts or obtain additional
information about the ADP National Employment Report, including
employment and pay data, interactive charts, methodology, and a
calendar of release dates, please visit
https://adpemploymentreport.com/.
The October 2022 ADP National
Employment Report will be released at 8:15 a.m. ET on November
2, 2022.
About the ADP® National Employment Report™
The
ADP National Employment Report is an independent estimate of the
change in U.S. private employment and pay derived from actual,
anonymized payroll data of client companies served by ADP, a
leading provider of human capital management solutions. The report
is produced by ADP Research Institute in collaboration with the
Stanford Digital Economy Lab.
The ADP National Employment Report is broadly distributed to the
public each month, free of charge, as part of the company's
commitment to offering deeper insights of the U.S. labor market and
providing businesses and governments with a source of credible and
valuable information.
About the ADP Research Institute®
The ADP Research
Institute delivers data-driven discoveries about the world of work
and derives reliable economic indicators from these insights. We
offer these findings as a unique contribution to making the world
of work better and more productive by delivering actionable
insights to the economy at large.
About ADP (NASDAQ – ADP)
Designing better ways to work
through cutting-edge products, premium services and exceptional
experiences that enable people to reach their full potential.
HR, Talent, Time Management, Benefits and Payroll. Informed by data
and designed for people. Learn more at ADP.com
ADP, the ADP logo, and Always Designing for People,
ADP National Employment Report, and ADP Research Institute are
registered trademarks of ADP, Inc. All other marks are the property
of their respective owners.
Copyright © 2022 ADP, Inc. All rights reserved.
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SOURCE ADP, Inc.