ADP National Employment Report: Private Sector Employment Increased by 253,000 Jobs in May

"May proved to be a very strong month for job growth," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute.

(ADP is No. 17 on the 2017 DiversityInc Top 50 Companies for Diversity list.)


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

 

By Sector

• Goods-producing: 48,000

Natural resources/mining 3,000

Construction 37,000

Manufacturing 8,000

• Service-providing: 205,000

Trade/transportation/utilities 58,000

Information -8,000

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

Education 20,000

Leisure/hospitality -11,000

Other services 15,000

* Sum of components may not equal total, due to rounding.

 

Franchise Employment**

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.

The ADP logo, ADP, ADP National Employment Report, ADP Small Business Report, ADP National Franchise Report and ADP Research Instituteare registered trademarks of ADP, LLC. ADP A more human resource. is a service mark of ADP, LLC. All other marks are the property of their respective owners.

Copyright © 2017 ADP, LLC. All rights reserved.

ADP-Media

Media Contact:

Allyce Hackmann

ADP, LLC

(201) 400-4583

allyce.hackmann@adp.com

Source: ADP, LLC

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