According to today's ADP National Employment Report®, private
sector employment increased by 55,000 from April to May on a
seasonally adjusted basis. The ADP National Employment Report,
created by Automatic Data Processing, Inc. (ADP®), in partnership
with Macroeconomic Advisers, LLC, is derived from actual payroll
data and measures the change in total nonfarm private employment
each month.
Nonfarm Private Employment Highlights - May Report:
-- Total employment: +55,000
-- Small businesses* +13,000
-- Medium businesses** +39,000
-- Large businesses*** +3,000
-- Goods-producing sector: -23,000
-- Service-providing sector: +78,000
Addendum:
-- Manufacturing industry: +15,000
* Small businesses
represent payrolls with 1-49 employees ** Medium businesses
represent payrolls with 50-499 employees *** Large businesses
represent payrolls with more than 499 employees Note: all data
included in the ADP National Employment Report is based on size of
payroll. In some cases, small and medium-size payrolls belong to
businesses employing more workers than indicated by the size
grouping. According to Joel Prakken, Chairman of Macroeconomic
Advisers, LLC, "Nonfarm private employment increased 55,000 from
April to May 2010 on a seasonally adjusted basis, according to the
ADP National Employment Report. May's rise in private employment
was the fourth consecutive monthly gain. However, over these four
months the increases have averaged a modest 39,000. The slow pace
of improvement from February through May is consistent with the
pause in the decline of initial unemployment claims that occurred
during the winter months." Prakken added, "Unlike the estimate of
total establishment employment to be released on Friday by the
Bureau of Labor Statistics (BLS), today's ADP Report does not
include any federal hiring in May for the 2010 Census. For this
reason it is reasonable to expect that Friday's figure for nonfarm
total employment reported by the BLS will be considerably stronger
than today's estimate for nonfarm private employment in the ADP
Report." "May's ADP Report estimates nonfarm private employment in
the service-providing sector rose by 78,000, the fifth consecutive
monthly increase. Employment in the goods-producing sector declined
23,000 during May. However, while construction employment dropped
41,000, manufacturing employment rose 15,000, the fourth
consecutive monthly increase," said Prakken. Prakken went on to
say, "Large businesses, defined as those with 500 or more workers,
saw employment increase by 3,000 and employment among medium-size
businesses, defined as those with between 50 and 499 workers
increased by 39,000. Employment among small-size businesses,
defined as those with fewer than 50 workers, increased by 13,000 in
May." The matched sample used to develop the ADP National
Employment Report was derived from ADP data, which during the
twelve month period through December 2009, averaged over 360,000
U.S. business clients and represented over 22 million U.S.
employees. This approximately represents the size of the matched
sample used this month. Small Business Highlights
- May Report: Due to the important contribution small
businesses make to economic growth, employment data that is
specific to businesses with fewer than 50 employees will be
reported in the ADP Small Business Report® each month. The ADP
Small Business Report is a subset of the ADP National Employment
Report.*
- Total small business employment: +13,000
- Goods-producing sector: -24,000 small business jobs
- Service-providing sector: +37,000 small business jobs
*All size data included in the ADP National Employment Report is
based on size of payroll. In some cases, small and medium-size
payrolls belong to businesses employing more workers than indicated
by the size grouping.
Private employment among small businesses increased by 13,000 in
May, according to the ADP Small Business Report released today.
Additional information about small business employment, including
charts on monthly job growth and employment levels, along with
historical data, is available at
http://www.smallbusinessreport.adp.com.
"Small businesses, defined as those with fewer than 50 workers,
saw employment increase by 13,000 during May. Small business
employment in the service-providing sector increased by 37,000, the
fifth consecutive monthly increase," said Joel Prakken.
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 e-mail alerts and RSS feeds, please visit
www.ADPemploymentreport.com. The June 2010 ADP National Employment
Report will be released June 30, 2010 at 8:15 AM ET.
About the ADP National
Employment Report® The ADP National Employment Report,
sponsored by ADP®, was developed and is maintained by Macroeconomic
Advisers, LLC. It is a measure of employment derived from an
anonymous subset of roughly 500,000 U.S. business clients. During
the twelve month period through December 2009, this subset averaged
over 360,000 U.S. business clients and over 22 million U.S.
employees working in all private industrial sectors. The ADP Small
Business Report® is a monthly estimate of private nonfarm
employment among companies in the United States with 1-49 employees
and is a subset of the ADP National Employment Report. The data for
both reports 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
properties of the series, please see "ADP National Employment
Report: Development Methodology" at
http://ADPemploymentreport.com/methodology.aspx.
About ADP Automatic Data Processing, Inc.
(NASDAQ: ADP), with nearly $9 billion in revenues and over 560,000
clients, is one of the world's largest providers of business
outsourcing solutions. Leveraging 60 years of experience, ADP
offers the widest range of HR, payroll, tax and benefits
administration solutions from a single source. 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 and
recreational vehicle dealers throughout the world. For more
information about ADP or to contact a local ADP sales office, reach
us at 1 (800) 225-5237 or visit the company's Web site at
www.ADP.com.
About Macroeconomic Advisers, LLC
Macroeconomic Advisers, LLC (MA) has been the most trusted source
for U.S. macroeconomic forecasts and commentary, monetary and
fiscal policy analysis, and econometric modeling for 25 years. MA's
clients include leading financial service firms, nonfinancial
corporations, key policymaking agencies of the U.S. government, as
well as State and Foreign Government agencies. Additional
information on Macroeconomic Advisers, LLC is available on the
company's Web site, www.MacroAdvisers.com.
The ADP National Employment Report and ADP Small Business Report
are registered trademarks of ADP, Inc.
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Media Contacts: ADP Public Relations ADP (973) 974-7612
Public_Relations@adp.com Rhena Wallace Cohn & Wolfe for ADP
(212) 798-9832 rhena.wallace@cohnwolfe.com
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