ROSELAND, N.J., Oct. 4, 2023
/PRNewswire/ -- Private sector employment increased by 89,000 jobs
in September and annual pay was up 5.9 percent year-over-year,
according to the September ADP® National Employment
ReportTM produced by the ADP Research
Institute® in collaboration with the Stanford Digital
Economy Lab ("Stanford Lab"). The
ADP National Employment Report is an independent measure and
high-frequency view of the private-sector labor market based on
actual, anonymized payroll data of more than 25 million U.S.
employees.
The jobs report and pay insights use ADP's fine-grained
anonymized and aggregated payroll data to provide a representative
picture of the private-sector labor market. The report details the
current month's total private employment change, and weekly job
data from the previous month. Because the underlying ADP payroll
databases are continuously updated, the report provides a
high-frequency, near real-time measure of U.S. employment. This
measure reflects the number of employees on ADP client payrolls
(Payroll Employment) to provide a richer understanding of the labor
market. ADP's pay measure uniquely captures the earnings of a
cohort of almost 10 million employees over a 12-month period.
"We are seeing a steepening decline in jobs this month," said
Nela Richardson, chief economist
ADP. "Additionally, we are seeing a steady decline in wages in the
past 12 months."
September 2023 Report
Highlights*
View the ADP National Employment Report and interactive
charts at www.adpemploymentreport.com.
JOBS REPORT
Private employers added 89,000 jobs in
September
September showed the slowest pace of growth since
January 2021, when private employers
shed jobs. Large establishments drove the slowdown, losing 83,000
jobs and wiping out gains they made in August.
Change in U.S. Private Employment:
89,000
Change by Industry Sector
-
Goods-producing: 8,000
- Natural resources/mining 4,000
- Construction 16,000
- Manufacturing -12,000
- Service-providing: 81,000
- Trade/transportation/utilities -13,000
- Information 1,000
- Financial activities 17,000
- Professional/business services -32,000
- Education/health services 10,000
- Leisure/hospitality 92,000
- Other services 6,000
Change by U.S. Regions
- Northeast:
34,000
- New England -1,000
- Middle Atlantic 35,000
- Midwest: 2,000
- East North Central 0
- West North Central 2,000
- South: -16,000
- South Atlantic 43,000
- East South Central 15,000
- West South Central -74,000
- West: 66,000
- Mountain 9,000
- Pacific 57,000
Change by Establishment Size
- Small
establishments: 95,000
- 1-19 employees 67,000
- 20-49 employees 28,000
- Medium establishments: 72,000
- 50-249 employees 55,000
- 250-499 employees 17,000
- Large establishments: -83,000
Pay Insights
Pay growth slowed again in September
Job stayers saw a
5.9 percent year-over-year pay increase in September, marking the
12th straight month of slowing growth. Pay gains also shrank for
job changers, to 9 percent, down from 9.7 percent in August.
Median Change in Annual Pay (ADP matched person
sample)
- Job-Stayers 5.9%
- Job-Changers 9.0%
Median Change in Annual Pay for Job-Stayers by Industry
Sector
- Goods-producing:
- Natural resources/mining 5.5%
- Construction 6.0%
- Manufacturing 5.4%
-
Service-providing:
- Trade/transportation/utilities 5.7%
- Information 5.5%
- Financial activities 6.2%
- Professional/business services 5.8%
- Education/health services 6.4%
- Leisure/hospitality 6.7%
- Other services 5.9%
Median Change in Annual Pay for Job-Stayers by Firm
Size
- Small firms:
- 1-19 employees 5.0%
- 20-49 employees 5.9%
- Medium
firms:
- 50-249 employees 6.1%
- 250-499 employees 6.0%
- 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 August total of jobs added was revised from 177,000 to
180,000. 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 2023 ADP National
Employment Report will be released at 8:15 a.m. ET on November
1, 2023.
About the ADP® National Employment
ReportTM
The ADP National Employment Report
is an independent measure 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.