ADP National Employment Report: Private Sector Employment Increased by 182,000 Jobs in October
Source: ADP® (Automatic Data Processing)
ROSELAND, N.J. November 4, 2015 Private sector employment increased by 182,000 jobs from September to October according to the October ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP® in collaboration with Moodys Analytics. The report, which is derived from ADPs actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.
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Payrolls for businesses with 49 or fewer employees increased by 90,000 jobs in October, almost double the revised September gain of 47,000. Employment among companies with 50-499 employees increased by 63,000 jobs, up 50 percent from the previous month. Employment at large companies those with 500 or more employees rose by 29,000 jobs in October after adding 101,000 the previous month. Companies with 500-999 added 7,000 jobs. Companies with over 1,000 employees gained 22,000 jobs, after adding 100,000 in September.
Goods-producing employment rose by 24,000 jobs in October, representing the best month in this sector since January of this year. The construction industry added 35,000 jobs in October, roughly matching Septembers gain. Meanwhile, manufacturing remained in negative territory losing 2,000 jobs in October after shrinking by 17,000 in September.
Service-providing employment rose by 158,000 jobs in October, down from a downwardly revised 182,000 in September. The ADP National Employment Report indicates that professional/business services contributed 13,000 jobs in October, less than half the September number. Trade/transportation/utilities grew by 35,000, off slightly from the previous month. The 9,000 new jobs added in financial activities were the fewest in this industry in the last six months.
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Total Employment
Change in Nonfarm Private Employment
Historical Trend
Change in Total Nonfarm Private Employment
Read more: http://www.adpemploymentreport.com/2015/October/NER/NER-October-2015.aspx
182,000 is not that much.
[font color="red"]Highlights:
"Payrolls for businesses with 49 or fewer employees increased by 90,000 jobs in October, almost double
the revised September gain of 47,000." Last month: "Payrolls for businesses with 49 or fewer employees increased by 37,000 jobs in September, less than half of the August gain."
"{M}anufacturing remained in negative territory losing 2,000 jobs in October after shrinking by 17,000 in September." Last month: "Meanwhile, manufacturing dropped into negative territory losing 15,000 jobs in September, the worst showing since December 2010."[/font]
[center]Past Performance is Not a Guarantee of Future Results.[/center]
Nonetheless, what is important is not this month's results, but the trend. Lets look at some earlier numbers:
Bureau of Labor Statistics, for employment in September 2015:
Payroll employment rises by 142,000 in September; unemployment rate remains at 5.1%
ADP® (Automatic Data Processing), for employment in September 2015:
ADP National Employment Report: Private Sector Employment Increased by 200,000 Jobs in September
Bureau of Labor Statistics, for employment in August 2015:
Payroll employment rises by 173,000 in August; unemployment rate edges down to 5.1%
ADP® (Automatic Data Processing), for employment in August 2015:
ADP National Employment Report: Private Sector Employment Increased by 190,000 Jobs in August
Bureau of Labor Statistics, for employment in July 2015:
Payroll employment rises by 215,000 in July; unemployment rate unchanged at 5.3%
ADP® (Automatic Data Processing), for employment in July 2015:
ADP National Employment Report: Private Sector Employment Increased by 185,000 Jobs in July
Bureau of Labor Statistics, for employment in June 2015:
Payroll employment rises by 223,000 in June; unemployment rate declines to 5.3%
ADP® (Automatic Data Processing), for employment in June 2015:
ADP National Employment Report: Private Sector Employment Increased by 237,000 Jobs in June
Bureau of Labor Statistics, for employment in May 2015:
Payroll employment rises by 280,000 in May; unemployment rate essentially unchanged (5.5%)
ADP® (Automatic Data Processing), for employment in May 2015:
ADP National Employment Report: Private Sector Employment Increased by 201,000 Jobs in May
Bureau of Labor Statistics, for employment in April 2015:
Payroll employment rises by 223,000 in April; jobless rate essentially unchanged (5.4%)
ADP® (Automatic Data Processing), for employment in April 2015:
ADP National Employment Report: Private Sector Employment Increased by 169,000 Jobs in April
hibbing
(10,098 posts)Francois9
(54 posts)Better hire some more H1b visa people to cut costs!