ADP National Employment Report: Private Sector Employment

ADP National Employment Report: Private Sector Employment Increased
by 158,000 Jobs in October 
ROSELAND, NJ -- (Marketwire) -- 11/01/12 --  Private sector
employment increased by 158,000 jobs from September to October,
according to the October 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.  
October 2012 Report Highlights 
Click here to view the ADP National Employment Report Infograph  
Total U.S. Nonfarm Private Employment: 158,000 


 
--  By Company Size
    --  Small businesses: 50,000
        --  1-19 employees 18,000
        --  20-49 employees 32,000
            
            
    --  Medium businesses: 27,000
        --  50-499 employees 27,000
             
            
            
            
    --  Large businesses: 81,000
        --  500-999 employees 12,000
        --  1,000+ employees 69,000
            
            
--  By Sector
    --  Goods producing 14,000
    --  Service providing 144,000
        
        
--  Industry Snapshot
    --  Construction 23,000
    --  Manufacturing -8,000
    --  Trade/transportation/utilities 24,000
    --  Financial activities 9,000
    --  Professional/business services 35,000

  
Goods-producing employment rose by 14,000 jobs in October after
declining in the two prior months. Gains in construction jobs of
23,000 more than offset the 8,000 decline in manufacturing
employment. 
Service-providing jobs increased by 144,000. Among the service
industries reported by the ADP National Employment Report,
professional/business services had the largest gain with 35,000 jobs
added over the month. Trade/transportation/utilities added 24,000
jobs and financial activities added 9,000 jobs in October.  
Carlos A. Rodriguez, president and chief executive officer of ADP,
said, "Today marks the first ADP National Employment Report with
Moody's Analytics as our partner. Our new format leverages ADP's
unique client data in a more robust way to provide greater insights
on employment in the United States." 
Mark Zandi, chief economist of Moody's Analytics, said, "Businesses
are adding consistently to their payrolls. October's job gains were
in line with the average monthly gains of the past two years, with
sturdy albeit less than stellar growth across most industries and
company sizes. Businesses have turned more cautious in recent months,
but that has yet to impact their hiring and firing decisions." 
To see Chart 1. Change in Total Nonfarm Private Employment, please
click here:
http://media.marketwire.com/attachments/201210/98510_ADP-OCT2012-NERchart1.gif 
To see Chart 2. Historical Trend - Change in Total Nonfarm Private
Employment, please click here:
http://media.marketwire.com/attachments/201210/98514_ADP-OCT2012-NERchart2.gif 
To see Chart 3. Change in Nonfarm Private Employment by Selected
Industry, please click here:
http://media.marketwire.com/attachments/201210/98515_ADP-OCT2012-NERchart3.gif 
To see Chart 4. Change in Nonfarm Private Employment by Company Size,
please click here:
http://media.marketwire.com/attachments/201210/98517_ADP-OCT2012-NERchart4.gif 
Businesses with 49 or fewer employees added 50,000 jobs in October.
Employment levels among medium-sized companies with 50-499 employees,
rose by 27,000, while employment at large companies -- those with 500
or more employees -- increased by 81,000.  
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.  
October Small Business Highlights* 


 
--  By Size:
    --  1-19 employees 18,000
    --  20-49 employees 32,000
        
        
--  By Sector for 1-49 Employees:
    --  Goods producing 7,000
    --  Service providing 43,000
        
        
--  By sector for 1-19 employees:
    --  Goods producing 2,000
    --  Service providing 16,000
        
        
--  By sector for 20-49 employees:
    --  Goods producing 4,000
    --  Service providing 27,000

  
*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/SBS-NER-November2012.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 November 2012 ADP National Employment Report will be released at
8:15 a.m. ET on December 5, 2012. 
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
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
 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=2139064 
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2139066 
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2139068 
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2139070 
Media Contact: 
Michael Schneider
Corporate Communications, 
ADP 
(973) 567-1775
Michael.Schneider@adp.com 
 
 
Press spacebar to pause and continue. Press esc to stop.