ADP National Employment Report: Private Sector Employment Increased
by 191,000 Jobs in March
ROSELAND, NJ--(Marketwired - Apr 2, 2014) - Private sector
employment increased by 191,000 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 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.
March 2014 Report
Highlights*
View the ADP National Employment Report Infographic at
www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment: 191,000
- By Company Size
- Small businesses: 72,000
- 1-19 employees 38,000
- 20-49 employees 34,000
- Medium businesses: 52,000
- Large businesses: 67,000
- 500-999 employees 14,000
- 1,000+ employees 53,000
- By Sector
- Goods-producing 28,000
- Service-providing 164,000
- Industry Snapshot
- Construction 20,000
- Manufacturing 5,000
- Trade/transportation/utilities 36,000
- Financial activities 5,000
- Professional/business services 53,000
* Sum of components may not equal total, due to rounding.
Goods-producing employment rose by 28,000 jobs in March,
slightly faster than an upwardly revised pace of 25,000 in
February. Most of the gains came from the construction industry
which added 20,000 jobs over the month; compared to an average of
16,000 during the prior three months. Manufacturers added 5,000
jobs in March, the same as February.
Service-providing employment rose by 164,000 jobs in March, up
from the upwardly revised 153,000 in February. The ADP National
Employment Report indicates that professional/business
services contributed the most to growth in service-providing
industries, adding 53,000 jobs, slightly more than the 49,000 in
February. Expansion in trade/transportation/utilities grew by
36,000, about equal to the 37,000 jobs added in February. The 5,000
new jobs in financial activities mark the strongest pace of growth
in the industry since November 2013.
"The 191,000 U.S. private sector jobs added in March is slightly
above the twelve-month average," said Carlos Rodriguez, president
and chief executive officer of ADP. "Hopefully, this could be
a sign there is more growth to come."
Mark Zandi, chief economist of Moody's Analytics, said, "The job
market is coming out from its deep winter slumber. Job gains are
consistent with the pace prior to the brutal winter. The gains are
broad based across industries and business size classes. Even
better numbers are likely in coming months as the weather
warms."
To see Chart 1. Change in Total Nonfarm Private Employment,
please click here:
http://media.marketwire.com/attachments/201404/MOD-237103_Chart1.ChangeinTotalNonfarmPrivateEmployment.jpg
To see Chart 2. Historical Trend -- Change in Total Nonfarm
Private Employment, please click here:
http://media.marketwire.com/attachments/201404/MOD-237104_Chart2.HistoricalTrendChangeinTotalNonfarmPrivateEmployment.jpg
To see Chart 3. Change in Nonfarm Private Employment by Selected
Industry, please click here:
http://media.marketwire.com/attachments/201404/MOD-237105_Chart3.ChangeinNonfarmPrivateEmploymentbySelectedIndustry.jpg
To see Chart 4. Change in Nonfarm Private Employment by Company
Size, please click here:
http://media.marketwire.com/attachments/201404/MOD-237106_Chart4.ChangeinNonfarmPrivateEmploymentbyCompanySize.jpg
Payroll growth for businesses with 49 or fewer employees slowed
slightly in March, adding 72,000 jobs, down from 76,000 in February
and an average of 83,000 during the past 12 months. In contrast,
job growth accelerated over the month for both medium and large
firms and was at its strongest since last November. Employment
among medium-sized companies with 50-499 employees rose by 52,000
and employment at large companies -- those with 500 or more
employees -- increased by 67,000.
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.
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.
March 2014 Small
Business Report Highlights*
Total Small Business Employment: 72,000
- By size:
- 1-19 employees 38,000
- 20-49 employees 34,000
- By sector for 1-49 employees:
- Goods producing 9,000
- Service providing 63,000
- By sector for 1-19 employees:
- Goods producing 9,000
- Service providing 29,000
- By sector for 20-49 employees:
- Goods producing 0
- Service providing 34,000
* 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 April 2014 ADP National Employment Report will be
released at 8:15 a.m. ET on April 30, 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 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
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 proprietary analyses from
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 6,800 people worldwide and has a
presence in 28 countries. Further 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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