Nonfarm Private Employment Highlights - April Report:
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--
--
--
--
--
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Total employment:
Small businesses*
Medium businesses**
Large businesses***
Goods-producing sector:
Service-providing sector: |
+32,000
+1,000
+17,000
+14,000
-18,000
+50,000
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Addendum:
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Manufacturing industry:
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+29,000
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* Small businesses represent payrolls with 1-49 employees
** Medium businesses represent payrolls with 50-499 employees
*** Large businesses represent payrolls with more than 499 employees
Note: all data included in the ADP National Employment Report is based on size of payroll. In some cases, small and medium-size payrolls belong to businesses employing more workers than indicated by the size grouping.
Gary Butler, President & CEO, ADP, Inc., said, "Today's report is very encouraging. The challenging economic environment appears to have stabilized. I am cautiously optimistic that increasing economic activity along with the recently enacted legislation offering immediate incentives to employers for jobs creation (the HIRE Act) will lead to continuing growth in private sector employment."
According to Joel Prakken, Chairman of Macroeconomic Advisers, LLC, "Nonfarm private employment increased 32,000 from March to April 2010 on a seasonally adjusted basis, according to the ADP National Employment Report. Revised data shows that employment has increased for three straight months, albeit only modestly. The slow pace of improvement from February through April is consistent with the pause in the decline of initial unemployment claims that occurred during the winter months."
Prakken added, "Unlike the estimate of total establishment employment to be released on Friday by the Bureau of Labor Statistics (BLS), today's ADP Report does not include any federal hiring in April for the 2010 Census. For this reason it is reasonable to expect that Friday's figure for nonfarm total employment reported by the BLS will be stronger than today's estimate for nonfarm private employment in the ADP Report."
"April's ADP Report estimates nonfarm private employment in the service-providing sector rose by 50,000, the third consecutive monthly increase. Employment in the goods-producing sector declined 18,000 during April. However, while construction employment dropped 49,000, manufacturing employment, in an encouraging sign, rose 29,000, the third consecutive monthly increase," said Prakken.
Prakken went on to say, "Large businesses, defined as those with 500 or more workers, saw employment increase by 14,000 and employment among medium-size businesses, defined as those with between 50 and 499 workers increased by 17,000. Employment among small-size businesses, defined as those with fewer than 50 workers, increased by 1,000 in April."
The matched sample used to develop the ADP National Employment Report was derived from ADP data, which during the twelve month period through December 2009, averaged over 360,000 U.S. business clients and represented over 22 million U.S. employees. This approximately represents the size of the matched sample used this month.
Small Business Highlights - April Report:
Due to the important contribution small businesses make to economic growth, employment data that is specific to businesses with fewer than 50 employees will be reported in the ADP Small Business Report® each month. The ADP Small Business Report is a subset of the ADP National Employment Report.*
-- Total small business employment: +1,000
-- Goods-producing sector: -24,000 small business jobs
-- Service-providing sector: +25,000 small business jobs
*All size data included in the ADP National Employment Report is based on size of payroll. In some cases, small and medium-size payrolls belong to businesses employing more workers than indicated by the size grouping.
Private employment among small businesses increased by 1,000 in April, according to the ADP Small Business Report released today. Additional information about small business employment, including charts on monthly job growth and employment levels, along with historical data, is available at http://www.smallbusinessreport.adp.com.
"Small businesses, defined as those with fewer than 50 workers, saw employment increase by 1,000 during April. Small business employment in the service-providing sector increased by 25,000, the fourth consecutive monthly increase," said Joel Prakken.
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 e-mail alerts and RSS feeds, please visit www.ADPemploymentreport.com. The May 2010 ADP National Employment Report will be released June 3, 2010 at 8:15 AM ET.
About the ADP National Employment Report®
The ADP National Employment Report, sponsored by ADP®, was developed and is maintained by Macroeconomic Advisers, LLC. It is a measure of employment derived from an anonymous subset of roughly 500,000 U.S. business clients. During the twelve month period through December 2009, this subset averaged over 360,000 U.S. business clients and over 22 million U.S. employees working in all private industrial sectors. The ADP Small Business Report® is a monthly estimate of private nonfarm employment among companies in the United States with 1-49 employees and is a subset of the ADP National Employment Report. The data for both reports 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 properties of the series, please see "ADP National Employment Report: Development Methodology" at
http://ADPemploymentreport.com/methodology.aspx.
About ADP
Automatic Data Processing, Inc. (NASDAQ: ADP), with nearly $9 billion in revenues and about 570,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging 60 years of experience, ADP offers the widest range of HR, payroll, tax and benefits administration solutions from a single source. ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine and recreational vehicle dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1 (800) 225-5237 or visit the company's Web site at www.ADP.com.
About Macroeconomic Advisers, LLC
Macroeconomic Advisers, LLC (MA) has been the most trusted source for U.S. macroeconomic forecasts and commentary, monetary and fiscal policy analysis, and econometric modeling for 25 years. MA's clients include leading financial service firms, nonfinancial corporations, key policymaking agencies of the U.S. government, as well as State and Foreign Government agencies. Additional information on Macroeconomic Advisers, LLC is available on the company's Web site, www.MacroAdvisers.com.
The ADP National Employment Report and ADP Small Business Report are registered trademarks of ADP, Inc.
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