Private sector employment increased by 253,000 jobs from April to May according to the May 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.
May 2017 Report Highlights*
View the ADP National Employment Report Infographic at www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment: 253,000
By Company Size
Small businesses: 83,000
1-19 employees 38,000
20-49 employees 45,000
Medium businesses: 113,000
50-499 employees 113,000
Large businesses: 57,000
500-999 employees 27,000
1,000+ employees 30,000
Natural resources/mining 3,000
Financial activities 7,000
Professional/business services 88,000
Professional/technical services 35,000
Management of companies/enterprises 7,000
Administrative/support services 46,000
Education/health services 54,000
Health care/social assistance 34,000
Other services 15,000
* Sum of components may not equal total, due to rounding.
Franchise jobs 18,400
**Complete details on franchise employment can be found here.
“May proved to be a very strong month for job growth,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Professional and business services had the strongest monthly increase since 2014. This may be an indicator of broader strength in the workforce since these services are relied on by many industries.”
Mark Zandi, chief economist of Moody’s Analytics, said, “Job growth is rip-roaring. The current pace of job growth is nearly three times the rate necessary to absorb growth in the labor force. Increasingly, businesses’ number one challenge will be a shortage of labor.”
To see Chart 1. Change in Total Nonfarm Private Employment, please click here:http://media.marketwire.com/attachments/201706/MOD-103111_Chart1.jpg
To see Chart 2. Historical Trend — Change in Total Nonfarm Private Employment, please click here:http://media.marketwire.com/attachments/201706/MOD-103112_Chart2.jpg
To see Chart 3. Change in Nonfarm Private Employment by Selected Industry, please click here:http://media.marketwire.com/attachments/201706/MOD-103113_Chart3.jpg
To see Chart 4. Change in Nonfarm Private Employment by Company Size, please click here:http://media.marketwire.com/attachments/201706/MOD-103114_Chart4.jpg
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 April total of jobs added was revised down from 177,000 to 174,000.
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 June 2017 ADP National Employment Report will be released at 8:15 a.m. ET on July 6, 2017.
About the ADP National Employment Report
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 ADP National Employment Report: Development Methodology.
About Moody’s Analytics
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 www.moodysanalytics.com.
About ADP (NASDAQ: ADP)
Powerful technology plus a human touch. Companies of all types and sizes around the world rely on ADP cloud software and expert insights to help unlock the potential of their people. HR. Talent. Benefits. Payroll. Compliance. Working together to build a better workforce. For more information, visit ADP.com.
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Source: ADP, LLC