Business
ADP National Employment Report: Private Sector Employment Increased by 129,000 Jobs in March
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
About this update from Automatic Data Processing, Inc.
[{"type":"text","content":"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. \nMarch 2019 Report Highlights*View the ADP National Employment Report Infographic at www.adpemploymentreport.com.\nTotal U.S. Nonfarm Private Employment: 129,000\nBy Company Size \n- Small businesses: 6,000\n1-19 employees -9,000 20-49 employees 14,000- Medium businesses: 63,000\n50-499 employees 63,000- Large businesses: 60,000\n500-999 employees 15,000 1,000+ employees 45,000By Sector\n- Goods-producing: -6,000\nNatural resources/mining 2,000 Construction -6,000 Manufacturing -2,000- Service-providing: 135,000\nTrade/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. \n- Franchise Employment**\nFranchise jobs 4,000**Complete details on franchise employment can be found here.\n\"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.\"\nMark 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.\"\n \n \n \n \nThe matched sample used to develop the ADP National Employment Report was derived from ADP payroll data, whi...