ADP National Employment Report: Private Sector Employment Increased by 235,000 Jobs in October
(firmenpresse) - ROSELAND, NJ -- (Marketwired) -- 11/01/17 -- Private sector employment increased by 235,000 jobs from September to October according to the October . 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.
View the ADP National Employment Report Infographic at .
1-19 employees 43,000
20-49 employees 36,000
50-499 employees 66,000
500-999 employees 20,000
1,000+ employees 70,000
Natural resources/mining 1,000
Construction 62,000
Manufacturing 22,000
Trade/transportation/utilities -50,000
Information -27,000
Financial activities 9,000
Professional/business services 109,000
Professional/technical services 68,000
Management of companies/enterprises 8,000
Administrative/support services 34,000
Education/health services 39,000
Health care/social assistance 44,000
Education -5,000
Leisure/hospitality 45,000
Other services 24,000
* Sum of components may not equal total, due to rounding.
Franchise jobs 30,600
**Complete details on franchise employment can be found .
"The job market remains healthy and hiring bounced back with one of the best performances we''ve seen all year," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. "Although the service providing sector was hard hit last month due to the weather, we saw significant growth in professional services, especially in the higher paid professional technical jobs. Additionally, small businesses rebounded well from the impact of Hurricanes Harvey and Irma, posting very strong gains."
Mark Zandi, chief economist of Moody''s Analytics, said, "The job market rebounded strongly from the hit it took from Hurricanes Harvey and Irma. Resurgence in construction jobs shows the rebuilding is already in full swing. Looking through the hurricane-created volatility, job growth is robust."
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 September total of jobs added was revised down from 135,000 to 110,000.
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 .
The November 2017 ADP National Employment Report will be released at 8:15 a.m. ET on December 6, 2017.
®
The ADP National Employment Report® 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 24 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 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 .
Moody''s Analytics helps capital markets and risk management professionals worldwide respond to an evolving marketplace with confidence. The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research and financial risk management. By providing leading-edge software, advisory services, and research, including the proprietary analysis of Moody''s Investors Service, Moody''s Analytics integrates and customizes its offerings to address specific business challenges. Moody''s Analytics is a subsidiary of Moody''s Corporation (NYSE: MCO), which reported revenue of $3.5 billion in 2015, employs approximately 10,800 people worldwide and maintains a presence in 36 countries. Further information is available at .
(NASDAQ: ADP)
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ADP, the ADP logo, ADP A more human resource, ADP National Employment Report, ADP Small Business Report, ADP National Franchise Report, and ADP Research Institute are registered trademarks of ADP, LLC. All other marks are the property of their respective owners.
Copyright © 2017 ADP, LLC. All rights reserved.
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Allyce Hackmann
ADP, LLC
(201) 400-4583
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