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ADP National Employment Report: Private Sector Employment Increased by 271,000 Jobs in DecemberROSELAND, N.J., Jan. 3, 2019 /PRNewswire/ -- Private sector employment increased by 271,000 jobs from November to December according to the December 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. December 2018 Report Highlights* View the ADP National Employment Report Infographic at www.adpemploymentreport.com. Total U.S. Nonfarm Private Employment: 271,000 By Company Size - Small businesses: 89,000
- Medium businesses: 129,000
- Large businesses: 54,000
By Sector - Goods-producing: 47,000
- Service-providing: 224,000
* Sum of components may not equal total, due to rounding.
**Complete details on franchise employment can be found here. "We wrapped up 2018 with another month of significant growth in the labor market," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. "Although there were increases in most sectors, the busy holiday season greatly impacted both trade and leisure and hospitality. Small businesses also experienced their strongest month of job growth all year." Mark Zandi, chief economist of Moody's Analyics, said, "Businesses continue to add aggressively to their payrolls despite the stock market slump and the trade war. Favorable December weather also helped lift the job market. At the current pace of job growth, low unemployment will get even lower."
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 November total of jobs added was revised down from 179,000 to 157,000. 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 www.adpemploymentreport.com. The January 2019 ADP National Employment Report will be released at 8:15 a.m. ET on January 30, 2019. About the ADP National Employment Report® 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 ADP National Employment Report: Development Methodology. About Moody's Analytics About ADP (NASDAQ: ADP) ADP, the ADP logo, ADP A more human resource., ADP National Employment Report, ADP Small Business Report, ADP National Franchise Report, and ADP Research Institute are registered trademarks of ADP, LLC. All other marks are the property of their respective owners. Copyright © 2019 ADP, LLC. All rights reserved. ADP-Media
View original content to download multimedia:http://www.prnewswire.com/news-releases/adp-national-employment-report-private-sector-employment-increased-by-271-000-jobs-in-december-300772364.html SOURCE ADP, LLC |