ROSELAND, N.J., March 31, 2021 /PRNewswire/ -- Private
sector employment increased by 517,000 jobs from February to March
according to the March ADP® National Employment
ReportTM. 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 2021 Report
Highlights*
View the ADP National Employment Report
Infographic at www.adpemploymentreport.com.
Total U.S. Nonfarm Private
Employment: 517,000
By Company Size
- Small businesses: 174,000
- 1-19 employees 100,000
- 20-49 employees 74,000
- Medium businesses: 188,000
- Large businesses: 155,000
- 500-999 employees 49,000
- 1,000+ employees 105,000
By Sector
- Goods-producing:
80,000
- Natural resources/mining -1,000
- Construction 32,000
- Manufacturing 49,000
- Service-providing:
437,000
- Trade/transportation/utilities
92,000
- Information -7,000
- Financial activities 9,000
- Professional/business services
83,000
- Professional/technical services
27,000
- Management of
companies/enterprises 4,000
- Administrative/support services
53,000
- Education/health services 68,000
- Health care/social
assistance 66,000
- Education
2,000
- Leisure/hospitality 169,000
- Other services 22,000
* Sum of components may not equal total, due to rounding.
- Franchise Employment**
**Complete details on franchise employment can be found
here.
"We saw marked improvement in March's labor market data,
reporting the strongest gain since September
2020," said Nela Richardson,
chief economist, ADP. "Job growth in the service sector
significantly outpaced its recent monthly average, led with notable
increase by the leisure and hospitality industry. This sector has
the most opportunity to improve as the economy continues to
gradually reopen and the vaccine is made more widely available. We
are continuing to keep a close watch on the hardest hit sectors but
the groundwork is being laid for a further boost in the monthly
pace of hiring in the months ahead."
The matched sample used to develop the ADP National
Employment Report was derived from ADP payroll data, which
represents 460,000 U.S. clients employing nearly 26 million workers
in the U.S. The February total of jobs added was revised from
117,000 to 176,000.
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 2021 ADP National
Employment Report will be released at 8:15 a.m. ET on May 5,
2021.
About the ADP® National Employment
ReportTM
The ADP® National Employment
ReportTM 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 26 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 Research Institute 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 the ADP Research Institute
The mission of the
ADP Research Institute is to generate data-driven discoveries about
the world of work, and to derive reliable economic indicators from
these insights. We offer these findings to the world at large as
our unique contribution to making the world of work better and more
productive, and to bring greater awareness to the economy at
large.
About Moody's Analytics
Moody's Analytics provides
financial intelligence and analytical tools to help business
leaders make better, faster decisions. Our deep risk expertise,
expansive information resources, and innovative application of
technology help our clients confidently navigate an evolving
marketplace. We are known for our industry-leading and
award-winning solutions, made up of research, data, software, and
professional services, assembled to deliver a seamless customer
experience. We create confidence in thousands of organizations
worldwide, with our commitment to excellence, open mindset
approach, and focus on meeting customer needs.
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, ADP Small Business Report, ADP
National Franchise Report, and ADP Research Institute are
registered trademarks of ADP, Inc. All other marks are the property
of their respective owners.
Copyright © 2021 ADP, Inc. All rights reserved.
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