ROSELAND, N.J., Feb. 1, 2023
/PRNewswire/ -- Private sector employment increased by 106,000 jobs
in January and annual pay was up 7.3 percent year-over-year,
according to the January 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.
"In January, we saw the impact of weather-related disruptions on
employment during our reference week," said Nela Richardson, chief economist, ADP.
"Hiring was stronger during other weeks of the month, in line
with the strength we saw late last year."
January 2023 Report
Highlights*
View the ADP National Employment Report and interactive
charts at www.adpemploymentreport.com.
JOBS REPORT
Private employers added 106,000 jobs in
January
Employment was soft during our Jan. 12 reference week as the U.S. was hit with
extreme weather. California was
coping with record floods and back-to-back storms delivered ice and
snow to the central and eastern U.S.
Change in U.S. Private Employment:
106,000
Change by Industry Sector
- Goods-producing: -3,000
- Natural resources/mining -2,000
- Construction -24,000
- Manufacturing 23,000
- Service-providing:
109,000
- Trade/transportation/utilities -41,000
- Information 5,000
- Financial activities 30,000
- Professional/business services 8,000
- Education/health services 12,000
- Leisure/hospitality 95,000
- Other services 0
Change by U.S. Regions
- Northeast: 42,000
- New England 11,000
- Middle Atlantic 31,000
- Midwest: -40,000
- East North Central -41,000
- West North Central 1,000
- South: 55,000
- South Atlantic 36,000
- East South Central 28,000
- West South Central -9,000
- West: 27,000
- Mountain 31,000
- Pacific -4,000
Change by Establishment Size
- Small establishments: -75,000
- 1-19 employees -70,000
- 20-49 employees -5,000
- Medium establishments: 64,000
- 50-249 employees 99,000
- 250-499 employees -35,000
- Large establishments: 128,000
PAY INSIGHTS
Pay growth was flat in January
Pay growth for job
stayers held at 7.3 percent for the second month, with most
industries little changed. One outlier was the information sector,
where pay growth decelerated from 7 percent to 6.6 percent. For job
changers, pay growth accelerated to 15.4 percent.
Median Change in Annual Pay (ADP matched person
sample)
- Job-Stayers 7.3%
- Job-Changers 15.4%
Median Change in Annual Pay for Job-Stayers by Industry
Sector
-
Goods-producing:
- Natural resources/mining 7.9%
- Construction 7.1%
- Manufacturing 7.2%
-
Service-providing:
- Trade/transportation/utilities 7.5%
- Information 6.6%
- Financial activities 7.4%
- Professional/business services 6.7%
- Education/health services 7.2%
- Leisure/hospitality 10.1%
- Other services 6.8%
Median Change in Annual Pay for Job-Stayers by Firm
Size
- Small
firms:
- 1-19 employees 5.5%
- 20-49 employees 7.0%
- Medium
firms:
- 50-249 employees 7.6%
- 250-499 employees 7.6%
- 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 December total of jobs added was revised from 235,000 to
253,000. The historical data file, and weekly data for the previous
month, is available at https://adpemploymentreport.com/.
January's report presents the scheduled annual revision of the
ADP National Employment Report, which updates the data series to be
consistent with the annual Quarterly Census of Employment and Wages
(QCEW) benchmark data for March 2022.
In addition, this revision introduces some methodological changes,
namely, in re-weighting of ADP data to match QCEW data, seasonal
adjustment of weekly data instead of monthly data, and constructing
the national aggregate from industry aggregates. The historical
file was updated to reflect these revisions.
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 February 2023 ADP National
Employment Report will be released at 8:15 a.m. ET on March 8,
2023.
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 © 2023 ADP, Inc. All rights reserved.
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SOURCE ADP, Inc.