ROSELAND, N.J., April 3, 2019 /PRNewswire/ -- Private sector
employment increased by 129,000 jobs from February to March according to the March 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.
March 2019 Report Highlights*
View the ADP National Employment Report Infographic at www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment: 129,000
By Company Size
- Small businesses: 6,000
- 1-19 employees -9,000
- 20-49 employees 14,000
- Medium businesses: 63,000
- Large businesses: 60,000
- 500-999 employees 15,000
- 1,000+ employees 45,000
By Sector
- Goods-producing: -6,000
- Natural resources/mining 2,000
- Construction -6,000
- Manufacturing -2,000
- Service-providing: 135,000
- Trade/transportation/utilities 9,000
- Information 11,000
- Financial activities -1,000
- Professional/business services 41,000
- Professional/technical services 11,000
- Management of companies/enterprises 7,000
- Administrative/support services 22,000
- Education/health services 56,000
- Health care/social assistance 42,000
- Education 14,000
- Leisure/hospitality 13,000
- Other services 6,000
* Sum of components may not equal total, due to rounding.
- Franchise Employment**
**Complete details on franchise employment can be found here.
"March posted the slowest employment increase in 18 months," said Ahu Yildirmaz, vice president and co-head of the ADP
Research Institute. "Although some service sectors showed continued strength, we saw weakness in the goods producing
sector."
Mark Zandi, chief economist of Moody's Analytics, said, "The job market is weakening, with
employment gains slowing significantly across most industries and company sizes. Businesses are hiring cautiously as the economy
is struggling with fading fiscal stimulus, the trade uncertainty, and the lagged impact of Fed tightening. If employment growth
weakens much further, unemployment will begin to rise."
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 February total of jobs added was revised up
from 183,000 to 197,000.
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 April 2019 ADP National Employment Report will be released at 8:15 a.m. ET on May 1, 2019.
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)
Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people
to reach their full potential. HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for
people. Learn more at ADP.com
ADP, the ADP logo, and Always Designing for People, ADP National Employment Report, ADP Small Business Report, ADP
National Franchise Report, and ADP Research Institute are registered trademarks of ADP, LLC. All other marks are the property of
their respective owners.
Copyright © 2019 ADP, LLC. All rights reserved.
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