ADP National Employment Report: Private Sector Employment Increased by 534,000 Jobs in November

Private sector employment increased by 534,000 jobs from October to November according to the November 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 data of those who are on a company’s payroll, 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:     534,000

By Company Size

– Small businesses:     115,000

• 1-19 employees     62,000
• 20-49 employees     53,000

– Medium businesses:     142,000

• 50-499 employees     142,000

– Large businesses:     277,000

• 500-999 employees     43,000
• 1,000+ employees     234,000

By Sector

– Goods-producing:     110,000

• Natural resources/mining     7,000
• Construction     52,000
• Manufacturing     50,000

– Service-providing:     424,000

• Trade/transportation/utilities     78,000
• Information     10,000
• Financial activities     13,000
• Professional/business services     110,000
       – Professional/technical services     51,000
       – Management of companies/enterprises     5,000
       – Administrative/support services     53,000
• Education/health services     55,000
       – Health care/social assistance     46,000
       – Education     10,000
• Leisure/hospitality     136,000
• Other services     22,000

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

– Franchise Employment**

• Franchise jobs     35,300

**Complete details on franchise employment can be found here.

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“The labor market recovery continued to power through its challenges last month,” said Nela Richardson, chief economist, ADP.  “November’s job gains bring the three month average to 543,000 monthly jobs added, a modest uptick from the job pace earlier this year. Job gains have eclipsed 15 million since the recovery began, though 5 million jobs short of pre-pandemic levels. Service providers, which are more vulnerable to the pandemic, have dominated job gains this year. It’s too early to tell if the Omicron variant could potentially slow the jobs recovery in coming months.”

The matched sample used to develop the ADP National Employment Report was derived from ADP payroll data, which represents 460,000 U.S. clients employing nearly 26 million workers in the U.S. The October total of jobs added was revised from 571,000 to 570,000.

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