ROSELAND, NJ--(Marketwired - Mar 8, 2017) - Private sector employment increased by 298,000 jobs from January to February
according to the February 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.
February 2017 Report Highlights *
View the ADP National Employment Report Infographic at www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment: 298,000
By Company Size
-
Small businesses: 104,000
- 1-19 employees 51,000
- 20-49 employees 53,000
-
Medium businesses: 122,000
-
Large businesses: 72,000
- 500-999 employees 28,000
- 1,000+ employees 43,000
By Sector
-
Goods-producing: 106,000
- Natural resources/mining 8,000
- Construction 66,000
- Manufacturing 32,000
-
Service-providing: 193,000
- Trade/transportation/utilities 9,000
- Information 25,000
- Financial activities 4,000
- Professional/business services 66,000
- Professional/technical services 42,000
- Management of companies/enterprises 7,000
- Administrative/support services 17,000
- Education/health services 40,000
- Health care/social assistance 38,000
- Education 2,000
- Leisure/hospitality 40,000
- Other services 9,000
* Sum of components may not equal total, due to rounding.
**Complete details on franchise employment can be found here.
"February proved to be an incredibly strong month for employment with increases we have not seen in years," said Ahu
Yildirmaz, vice president and co-head of the ADP Research Institute. "Gains were driven by a surge in the goods sector,
while we also saw the information industry experience a notable increase."
Mark Zandi, chief economist of Moody's Analytics said, "February was a very good month for workers. Powering job growth
were the construction, mining and manufacturing industries. Unseasonably mild winter weather undoubtedly played a
role. But near record high job openings and record low layoffs underpin the entire job market."
To see Chart 1. Change in Total Nonfarm Private Employment, please click
here:
http://media.marketwire.com/attachments/201703/101833_chart1.JPG
To see Chart 2. Historical Trend -- Change in Total Nonfarm Private Employment, please click
here:
http://media.marketwire.com/attachments/201703/101834_chart2.JPG
To see Chart 3. Change in Nonfarm Private Employment by Selected Industry, please click
here:
http://media.marketwire.com/attachments/201703/101835_chart3.JPG
To see Chart 4. Change in Nonfarm Private Employment by Company Size, please click
here:
http://media.marketwire.com/attachments/201703/101836_chart4.JPG
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 January total of jobs added was revised
up from 246,000 to 261,000.
In February's report, the following scheduled annual revisions have been reflected in 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 2016 from the Bureau of Labor Statistics;
- Incorporation of March 2016 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 2016 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 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 2017 ADP National Employment Report will be released at 8:15 a.m. ET on April 5, 2017.
About the ADP National Employment Report ®
The ADP National Employment Report ® 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®, 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.
Each month, ADP issues the ADP National Employment Report as part of the company's commitment to adding deeper
insights into the U.S. labor market and providing businesses, governments and others with a source of credible and valuable
information. The ADP National Employment Report is broadly distributed to the public each month, free of
charge.
The data for this report 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 the
ADP National Employment Report: Development Methodology.
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 $3.5 billion in 2015, employs approximately 10,800 people worldwide and maintains a presence in
36 countries. Further information is available at www.moodysanalytics.com.
About ADP (NASDAQ: ADP)
Powerful technology plus a human touch. Companies of all types and sizes around the world rely on ADP's cloud software and expert
insights to help unlock the potential of their people. HR. Talent. Benefits. Payroll. Compliance. Working together to build a
better workforce. For more information, visit ADP.com.
The ADP logo, ADP, ADP National Employment Report, ADP Small Business Report, ADP National Franchise Report and ADP
Research Institute are registered trademarks of ADP, LLC. ADP A more human resource. is a service mark of ADP, LLC. All other
marks are the property of their respective owners. Copyright © 2017 ADP, LLC. All rights reserved.
ADP-Media
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=3117277
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=3117286
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=3117290
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=3117293