U.S. Private-Sector Employment Increased by 162,000 Jobs in September, According to ADP National Employment Report
ROSELAND, NJ -- (Marketwire) -- 10/03/12 -- Private-sector employment increased by 162,000 from August to September on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. 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. Estimated gains in previous months were revised lower: The July increase was reduced by 17,000 to an increase of 156,000, while the August increase was reduced by 12,000 to an increase of 189,000.
U.S. Nonfarm Private Employment Highlights -- September 2012 Report: -- Total employment: +162,000 -- Small businesses:* +81,000 -- Medium businesses:** +64,000 -- Large businesses:*** +17,000 -- Goods-producing sector: +18,000 -- Service-providing sector: +144,000 Addendum: -- Manufacturing industry: + 4,000 * 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 today's ADP National Employment Report, employment in the nonfarm private business sector rose 162,000 August to September on a seasonally adjusted basis. Employment in the private service-providing sector expanded 144,000 in September, down from 175,000 in August. Employment in the private goods-producing sector gained 18,000 in September. Manufacturing employment rose 4,000, while construction employment rose 10,000, the strongest since March when mild winter weather was boosting construction activity. The financial services sector added 7,000 jobs in September, marking the fourteenth consecutive monthly gain.
Carlos A. Rodriguez, president and chief executive officer of ADP, said, "This month's ADP National Employment Report shows an increase of 162,000 new jobs in September. Today's report shows that year-to-date employment gains averaged 171,000 jobs per month, compared to an average increase of 138,000 jobs per month compared to the same period last year."
According to Joel Prakken, chairman of Macroeconomic Advisers, LLC, "The September increase was above the consensus forecast for today's release and for the official jobs number due out Friday from The Bureau of Labor Statistics. Continued solid gains in employment since Spring further allay fears that the broad economic recovery may be undermined by a softening trend in employment. The gain in private employment in September is strong enough to suggest that the national unemployment rate may have declined."
Employment levels among medium-sized payrolls -- those with 50 to 499 workers -- rose by 64,000, while employment on large payrolls -- those with 500 or more workers -- increased by 17,000 jobs in September.
The matched sample used to develop the ADP National Employment Report was derived from ADP data, which, during 2011, averaged about 344,000 U.S. business clients and represented over 21 million U.S. employees. This approximately represents the size of the matched sample used this month.
Small Business Highlights -- September Report:
Due to the important contribution small businesses make to economic growth, employment data that is specific to businesses with fewer than 50 employees is reported in the ADP Small Business Report® each month. The ADP Small Business Report is a subset of the ADP National Employment Report.*
Employment on small payrolls -- those with up to 49 workers -- rose 81,000 in September.
- Total nonfarm private small business employment: 81,000 jobs created
- Goods-producing sector gained 7,000 jobs
- Service-providing sector added 74,000 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.
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.
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 October 2012 ADP National Employment Report will be released at 8:15 AM ET on Wednesday, October 31, 2012.
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 2011, this subset averaged about 344,000 U.S. business clients and represented over 21 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.
Automatic Data Processing , Inc. (NASDAQ: ADP), with more than $10 billion in revenues and approximately 600,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging over 60 years of experience, ADP offers a wide range of human resource, 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, recreational vehicle, and heavy equipment 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 website 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 website, www.MacroAdvisers.com.
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Source: Automatic Data Processing, Inc.