ADP National Employment Report: Private Sector Employment Increased by 198,000 Jobs in February

Wed Mar 6, 2013 8:15am EST

* Reuters is not responsible for the content in this press release.

  ROSELAND, NJ, Mar 06 (Marketwire) -- 
Private sector employment increased by 198,000 jobs from January to
February, according to the February ADP National Employment Report(R),
which is produced by 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 January 2013 report, which reported job
gains of 192,000, was revised upward by 23,000 to 215,000 jobs. 

    February 2013 Report Highlights*

    View the ADP National Employment Report Infograph at
www.adpemploymentreport.com.

    Total U.S. Nonfarm Private Employment: 198,000


--  By Company Size
    --  Small businesses: 77,000
        --  1-19 employees 47,000
        --  20-49 employees 29,000
            
            
    --  Medium businesses: 65,000
        --  50-499 employees 65,000
            
            
    --  Large businesses: 57,000
        --  500-999 employees 23,000
        --  1,000+ employees 34,000
            
            
--  By Sector
    --  Goods producing 34,000
    --  Service providing 164,000
        
        
--  Industry Snapshot
    --  Construction 21,000
    --  Manufacturing 9,000
    --  Trade/transportation/utilities 45,000
    --  Financial activities 7,000
    --  Professional/business services 35,000

    

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

    Goods-producing employment rose by 34,000 jobs in February, driven
largely by a gain in construction jobs of 21,000. Meanwhile,
manufacturers added 9,000 jobs. 

    Service-providing jobs increased by 164,000. Among the service industries
reported by the ADP National Employment Report,
trade/transportation/utilities services showed the largest gain with
45,000 jobs added over the month. Business/professional services added
35,000 jobs and financial activities added 7,000 jobs. 

    "In February 2013, the U.S. private sector added a total of 198,000 new
jobs, with most of this job growth occurring in the services sector,"
noted Carlos A. Rodriguez, president and chief executive officer of ADP.
"This growth can be attributed to comparable contributions across all
three company size segments."

    Mark Zandi, chief economist of Moody's Analytics, said, "The job market
remains sturdy in the face of significant fiscal headwinds. Businesses
are adding to payrolls more strongly at the start of 2013 with gains
across all industries and business sizes. Tax increases and government
spending cuts don't appear to be affecting the job market." 

    To see Chart 1. Change in Total Nonfarm Private Employment, please click
here:

http://media.marketwire.com/attachments/201303/MOD-134310_Chart1.ChangeinTotalNonfarmPrivateEmployment.jpg


    To see Chart 2. Historical Trend - Change in Total Nonfarm Private
Employment, please click here:
http://media.marketwire.com/attachments/201303/MOD-134311_Chart2.HistoricalTrend-ChangeinTotalNonfarmPrivateEmployment.jpg

    To see Chart 3. Change in Nonfarm Private Employment by Selected
Industry, please click here:
http://media.marketwire.com/attachments/201303/MOD-134312_Chart3.ChangeinNonfarmPrivateEmploymentbySelectedIndustry.jpg


    To see Chart 4. Change in Nonfarm Private Employment by Company Size,
please click here:
http://media.marketwire.com/attachments/201303/MOD-134313_Chart4.ChangeinNonfarmPrivateEmploymentbyCompanySize.jpg


    Businesses with 49 or fewer employees added 77,000 jobs in February.
Employment levels among medium-sized companies with 50-499 employees rose
by 65,000, while employment at large companies -- those with 500 or more
employees -- increased by 57,000. 

    The matched sample used to develop the ADP National Employment Report was
derived from ADP payroll data, which represents 416,000 U.S. clients
employing nearly 24 million workers in the U.S.

----------------------------------------------------------------------------      Notice of Annual Revisions to the ADP National Employment Report(R)

 ADP(R), in conjunction with Moody's Analytics, has published the following
 scheduled annual revisions to the estimates of employment shown in the ADP 
 National Employment Report:

 -- New regression coefficients and historical job growth estimates based
 on ADP data and revised payroll data through December 2012 from the Bureau 
 of Labor Statistics;
 -- Incorporation of March 2012 industry and size class data from the
 Quarterly Census of Employment and Wages (QCEW) in the generation process; 
 and
 -- Adjustments of historical job growth estimates consistent with QCEW
 data through March 2012 and the U.S. Bureau of Labor Statistics' annual
 benchmarking process.

 Note: No revisions have been made to the methodology of computing the
 estimates of employment shown in the ADP National Employment Report.
 Annual revisions can be found by accessing the Historical Data File on
 http://www.adpemploymentreport.com.

----------------------------------------------------------------------------

    
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 monthly in
the ADP Small Business Report(R), a subset of the ADP National Employment
Report. 

    February 2013 Small Business Report Highlights*

    Total Small Business Employment: 77,000


--  By Size:
    --  1-19 employees 47,000
    --  20-49 employees 29,000
        
        
--  By Sector for 1-49 Employees:
    --  Goods producing 16,000
    --  Service providing 60,000
        
        
--  By Sector for 1-19 Employees:
    --  Goods producing 12,000
    --  Service providing 36,000
        
        
--  By Sector for 20-49 Employees:
    --  Goods producing 4,000
    --  Service providing 25,000

    

* 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 www.adpemploymentreport.com.

    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 March 2013 ADP National Employment Report will be released at 8:15
a.m. ET on April 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 ADP(R), 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.

    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
www.adpemploymentreport.com/docs/ADP-NER-Methodology-Full-Detail.pdf. 

    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
 ADP, 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 and human capital management solutions.
Leveraging over 60 years of experience and a global footprint spanning
more than 40 countries, ADP offers a wide range of human resource,
payroll, talent management, tax and benefits administration solutions
from a single source, and helps clients comply with regulatory and
legislative changes, such as the Affordable Care Act. 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 Web site 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 2013, ADP, Inc.

    
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Media Contact:

Kate Rambo 
Weber Shandwick for ADP 
(212) 445-8281 
krambo@webershandwick.com  

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