ADP National Employment Report: Private Sector Employment Increased by 118,000 Jobs in November
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ROSELAND, NJ, Dec 05 (Marketwire) -- Private sector employment increased by 118,000 jobs from October to November, according to the November ADP National Employment Report(R), which is produced by Automatic Data Processing, Inc. (ADP(R)), a leading provider of human capital management solutions, 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. The October 2012 report, which reported job gains of 158,000, was revised down by 1,000 to 157,000 jobs. November 2012 Report Highlight* Click here to view the ADP National Employment Report Infograph Total U.S. Nonfarm Private Employment: 118,000 -- By Company Size Small businesses: 19,000 -- 1-19 employees 13,000 -- 20-49 employees 6,000 Medium businesses: 33,000 -- 50-499 employees 33,000 Large businesses: 66,000 -- 500-999 employees 3,000 -- 1,000+ employees 62,000 By Sector -- Goods producing 4,000Service providing 114,000 Industry Snapshot -- Construction 23,000 -- Manufacturing -16,000 -- Trade/transportation/utilities 22,000 -- Financial activities 13,000 -- Professional/business services 16,000 * Sum of components may not equal total, due to rounding. Goods-producing employment rose by 4,000 jobs in November as gains in construction jobs of 23,000 more than offset the 16,000 decline in manufacturing employment. Service-providing jobs increased by 114,000. Among the service industries reported by the ADP National Employment Report, trade/transportation/utilities services had the largest gain with 22,000 jobs added over the month. Professional/business services added 16,000 jobs and financial activities added 13,000 jobs in November. Carlos A. Rodriguez, president and chief executive officer of ADP, said, "This month's ADP National Employment Report shows an increase of 118,000 new jobs in November. Today's report shows that year-to-date employment gains averaged 135,000 jobs per month." Mark Zandi, chief economist of Moody's Analytics, said, "Superstorm Sandy wreaked havoc on the job market in November, slicing an estimated 86,000 jobs from payrolls. The manufacturing, retailing, leisure and hospitality, and temporary help industries were hit particularly hard by the storm. Abstracting from the storm, the job market turned in a good performance during the month. This is especially impressive given the uncertainty created by the Presidential election and the fast-approaching fiscal cliff. Businesses appear to be holding firm on their hiring and firing decisions." To see Chart 1. Change in Total Nonfarm Private Employment, please click here: http://media.marketwire.com/attachments/201212/54774_Image1.jpg To see Chart 2. Historical Trend - Change in Total Nonfarm Private Employment, please click here: http://media.marketwire.com/attachments/201212/54780_Image2.jpg To see Chart 3. Change in Nonfarm Private Employment by Selected Industry, please click here: http://media.marketwire.com/attachments/201212/54773_Image3.jpg To see Chart 4. Change in Nonfarm Private Employment by Company Size, please click here: http://media.marketwire.com/attachments/201212/54772_Image4.jpg Businesses with 49 or fewer employees added 19,000 jobs in November. Employment levels among medium-sized companies with 50-499 employees rose by 33,000, while employment at large companies -- those with 500 or more employees -- increased by 66,000. The matched sample used to develop the ADP National Employment Report was derived from ADP payroll data, which, year to date represents 406,000 U.S. clients employing more than 23 million workers in the U.S. ADP Small Business Report(R): Due to the important contribution that small businesses make to economic growth, employment data that are specific to businesses with 49 or fewer employees is reported in the ADP Small Business Report(R) each month. The ADP Small Business Report is a subset of the ADP National Employment Report. November Small Business Highlights* -- By Size: -- 1-19 employees 13,000 -- 20-49 employees 6,000 -- By Sector for 1 - 49 Employees : -- Goods producing 3,000 -- Service providing 16,000 -- By sector for 1-19 employees: -- Goods producing 3,000 -- Service providing 10,000 -- By sector for 20-49 employees: -- Goods producing 0 -- Service providing 6,000 * Sum of components may not equal total, due to rounding. Additional information about small business employment, including charts on monthly job growth and employment levels along with historical data, is available at http://www.adpemploymentreport.com/2012/November/SBS/SBS-NER-November-2012.aspx. 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 December 2012 ADP National Employment Report will be released at 8:15 a.m. ET on January 3, 2013. About the ADP National Employment Report(R) The ADP National Employment Report(R) 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 Automatic Data Processing, Inc. (ADP(R)), a leading provider of human capital management solutions. The report 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. The ADP National Employment Report's measure of employment is derived from an anonymous subset of roughly 406,000 U.S. clients, which employ more than 23 million U.S. workers. The ADP Small Business Report is a monthly estimate of private nonfarm employment among companies in the U.S. 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 model used to create this report, please see "ADP National Employment Report: Development Methodology" at http://www.adpemploymentreport.com/common/docs/ADP-NER-Methodology-Full-Detail.p f. 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 $2.3 billion in 2011, employs approximately 6,500 people worldwide and has a presence in 28 countries. Further information is available at www.moodysanalytics.com. About ADP 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. The ADP logo, ADP, ADP National Employment Report, and ADP Small Business Report are registered trademarks of ADP, Inc. ADP Research Institute is a service mark of ADP, Inc. Copyright Copyright 2012, ADP, Inc. Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2172983 Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2173049 Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2172981 Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2172977 Media Contact: Michael Schneider Corporate Communications, ADP (973) 567-1775 Michael.Schneider@adp.com Copyright 2012, Marketwire, All rights reserved. -0-
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