Private sector employment increased by 67,000 jobs from October to November, according to the November ADP National Employment Report.
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.
November 2019 Report Highlights*
View the ADP National Employment Report Infographic at www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment: 67,000
By Company Size
– Small businesses: 11,000
1-19 employees -15,000
20-49 employees 25,000
– Medium businesses: 29,000
50-499 employees 29,000
– Large businesses: 27,000
500-999 employees 13,000
1,000+ employees 14,000
– Goods-producing: -18,000
Natural resources/mining -6,000
– Service-providing: 85,000
Financial activities 11,000
Professional/business services 28,000
– Professional/technical services 16,000
– Management of companies/enterprises 4,000
– Administrative/support services 7,000
Education/health services 39,000
– Health care/social assistance 36,000
– Education 3,000
Other services 12,000
* Sum of components may not equal total, due to rounding.
– Franchise Employment**
Franchise jobs 24,600
“In November, the labor market showed signs of slowing,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “The goods producers still struggled; whereas, the service providers remained in positive territory driven by healthcare and professional services. Job creation slowed across all company sizes; however, the pattern remained largely the same, as small companies continued to face more pressure than their larger competitors.”
Mark Zandi, chief economist of Moody’s Analytics, said, “The job market is losing its shine. Manufacturers, commodity producers, and retailers are shedding jobs. Job openings are declining and if job growth slows any further unemployment will increase.”
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 October total of jobs added was revised down from 125,000 to 121,000.
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