(Roseland, NJ) Private sector employment increased by 230,000 jobs from August to September according to the September ADP National Employment Report. 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.
Total U.S. Nonfarm Private Employment: 230,000
By Company Size
– Small businesses: 56,000
- 1-19 employees 35,000
- 20-49 employees 21,000
– Medium businesses: 99,000
- 50-499 employees 99,000
– Large businesses: 75,000
- 500-999 employees 26,000
- 1,000+ employees 49,000
– Goods-producing: 46,000
- Natural resources/mining 5,000
- Construction 34,000
- Manufacturing 7,000
– Service-providing: 184,000
- Trade/transportation/utilities 30,000
- Information -3,000
- Financial activities 16,000
- Professional/business services 70,000
- Professional/technical services 25,000
- Management of companies/enterprises 7,000
- Administrative/support services 38,000
- Education/health services 44,000
- Health care/social assistance 37,000
- Education 7,000
- Leisure/hospitality 16,000
- Other services 10,000
* Sum of components may not equal total, due to rounding.
– Franchise Employment**
- Franchise jobs -5,700
**Complete details on franchise employment can be found here.
“The labor market continues to impress,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Both the goods and services sectors soared. The professional and business services industry and construction served as key engines of growth. They added almost half of all new jobs this month.”
Mark Zandi, chief economist of Moody’s Analytics, said, “The job market continues to power forward. Employment gains are broad-based across industries and company sizes. At the current pace of job creation, unemployment will fall into the low 3%’s by this time next year.”
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. The August total of jobs added was revised up from 163,000 to 168,000.
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 October 2018 ADP National Employment Report will be released at 8:15 a.m. ET on October 31, 2018.
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