ADP National Employment Report: Private Sector Employment Increased by 27,000 Jobs in May

Private sector employment increased by 27,000 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.

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Total U.S. Nonfarm Private Employment:     27,000

By Company Size

– Small businesses:     -52,000

• 1-19 employees     -50,000
• 20-49 employees     -2,000

– Medium businesses:     11,000

• 50-499 employees     11,000

– Large businesses:      68,000

• 500-999 employees      9,000
• 1,000+ employees     59,000

By Sector

– Goods-producing:     -43,000

• Natural resources/mining     -4,000
• Construction     -36,000
• Manufacturing     -3,000

– Service-providing:     71,000

• Trade/transportation/utilities      0
• Information     -3,000
• Financial activities     13,000
• Professional/business services     22,000 
       – Professional/technical services     14,000 
       – Management of companies/enterprises     3,000
       – Administrative/support services     5,000
• Education/health services     33,000
       – Health care/social assistance     34,000
       – Education     -1,000
• Leisure/hospitality    16,000
• Other services     -9,000

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

– Franchise Employment**

• Franchise jobs     -4,800

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“Following an overly strong April, May marked the smallest gain since the expansion began,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Large companies continue to remain strong as they are better equipped to compete for labor in a tight labor market.”

Mark Zandi, chief economist of Moody’s Analytics, said, “Job growth is moderating. Labor shortages are impeding job growth, particularly at small companies, and layoffs at brick-and-mortar retailers are hurting.”

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 275,000 to 271,000.

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