The ADP National Employment Report is an independent measure and high-frequency view of the private-sector labor market based on actual, anonymized payroll data of more than 25 million U.S. employees.
Private sector employment increased by 140,000 jobs in February and annual pay was up 5.1 percent year-over-year, according to the February ADP® National Employment ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab.
The jobs report and pay insights use ADP’s fine-grained anonymized and aggregated payroll data to provide a representative picture of the private-sector labor market. The report details the current month’s total private employment change and weekly job data from the previous month. Because the underlying ADP payroll databases are continuously updated, the report provides a high-frequency, near-real-time measure of U.S. employment. This measure reflects the number of employees on ADP client payrolls (Payroll Employment) to provide a richer understanding of the labor market. ADP’s pay measure uniquely captures the earnings of a cohort of almost 10 million employees over 12 months.
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“Job gains remain solid. Pay gains are trending lower but are still above inflation,” said Nela Richardson, chief economist, at ADP. “In short, the labor market is dynamic, but doesn’t tip the scales in terms of a Fed rate decision this year.”
Key Highlights from the Report:
- While employment growth remained steady, pay gains for job-changers accelerated for the first time in more than a year, rising to 7.6 percent from 7.2 percent.
- Private employers added 140,000 jobs in February
- Change by Industry Sector
– Goods-producing: 30,000
- Natural resources/mining -4,000
- Construction 28,000
- Manufacturing 6,000
– Service-providing: 110,000
- Trade/transportation/utilities 24,000
- Information -2,000
- Financial activities 17,000
- Professional/business services 5,000
- Education/health services 11,000
- Leisure/hospitality 41,000
- Other services 14,000
- Change by Establishment Size
– Small establishments: 13,000
1-19 employees 11,000
20-49 employees 2,000
– Medium establishments: 69,000
50-249 employees 53,000
250-499 employees 16,000
– Large establishments: 61,000
500+ employees 61,000
- Change by U.S. Regions
– Northeast: 20,000
New England 6,000
Middle Atlantic 14,000
– Midwest: 39,000
East North Central 32,000
West North Central 7,000
– South: 37,000
South Atlantic 35,000
East South Central -13,000
West South Central 15,000
– West: 42,000
Mountain 7,000
Pacific 35,000
The ADP National Employment Report is an independent measure and high-frequency view of the private-sector labor market based on actual, anonymized payroll data of more than 25 million U.S. employees.
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