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ADP National Employment Report: Private Sector Employment Increased by 298,000 Jobs in February

ID: 1491374
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(businesspress24) - ROSELAND, NJ -- (Marketwired) -- 03/08/17 -- Private sector employment increased by 298,000 jobs from January to February according to the February . 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.

View the ADP National Employment Report Infographic at .

1-19 employees 51,000

20-49 employees 53,000

50-499 employees 122,000

500-999 employees 28,000

1,000+ employees 43,000

Natural resources/mining 8,000

Construction 66,000

Manufacturing 32,000

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.

Franchise jobs 17,100

**Complete details on franchise employment can be found .

"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 :

To see Chart 2. Historical Trend -- Change in Total Nonfarm Private Employment, please click :

To see Chart 3. Change in Nonfarm Private Employment by Selected Industry, please click :

To see Chart 4. Change in Nonfarm Private Employment by Company Size, please click :

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 .

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 .

The March 2017 ADP National Employment Report will be released at 8:15 a.m. ET on April 5, 2017.

®


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 .

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 .

(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 .

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.

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Allyce Hackmann
ADP, LLC
(201) 400-4583



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Date: 03/08/2017 - 13:15
Language: English
News-ID 1491374
Character count: 2339
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Firma: ADP, LLC
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Stadt: ROSELAND, NJ
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