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ADP National Employment Report: Private Sector Employment Increased by 27,000 Jobs in May
ROSELAND, N.J., June 5, 2019 /PRNewswire/ -- Private sector employment increased by 27,000 jobs from April to May according to the May ADP National Employment
About this update from Automatic Data Processing, Inc.
[{"type":"text","content":"ROSELAND, N.J., June 5, 2019 /PRNewswire/ -- 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. \nMay 2019 Report Highlights*\nView the ADP National Employment Report Infographic at www.adpemploymentreport.com.\nTotal U.S. Nonfarm Private Employment: 27,000\nBy Company Size \n- Small businesses: -52,000\n1-19 employees -50,000 20-49 employees -2,000- Medium businesses: 11,000\n50-499 employees 11,000- Large businesses: 68,000\n500-999 employees 9,000 1,000+ employees 59,000By Sector\n- Goods-producing: -43,000\nNatural resources/mining -4,000 Construction -36,000 Manufacturing -3,000- Service-providing: 71,000\nTrade/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. \n- Franchise Employment**\nFranchise jobs -4,800**Complete details on franchise employment can be found here.\n\"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.\"\nMark 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.\"\n \n \n \nThe 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.\nTo o...