Private sector employment increased by 217,000 jobs from October to November, according to the November 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 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.
November 2015 Report Highlights*
View the ADP National Employment Report Infographic at www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment: 217,000
By Company Size
Small businesses: 81,000
1-19 employees: 46,000
20-49 employees: 35,000
Medium businesses: 62,000
50-499 employees: 62,000
Large businesses: 74,000
500-999 employees: 57,000
1,000+ employees: 17,000
Financial activities: 9,000
Professional/business services: 59,000
*Sum of components may not equal total, due to rounding.
Payrolls for businesses with 49 or fewer employees increased by 81,000 jobs in November, down from October’s 91,000. Employment among companies with 50-499 employees increased by 62,000 jobs, a bit less than the 67,000 added last month. Employment at large companies — those with 500 or more employees — came in double the upwardly revised 37,000 jobs added in October at 74,000 for the month. Companies with 500-999 added 57,000 jobs, the largest gain for this segment in the history of the ADP National Employment Report. Companies with over 1,000 employees gained 17,000 jobs, after adding 28,000 in October.
Goods-producing employment rose by 13,000 jobs in November, down from 22,000 the previous month. The construction industry added 16,000 jobs after gaining over 30,000 in each of the two previous months. Meanwhile, manufacturing rebounded from two straight months of shedding jobs to add 6,000 in November.
Service-providing employment rose by 204,000 jobs in November, a strong increase from an upwardly revised 174,000 in October. The ADP National Employment Report indicates that professional/business services contributed 59,000 jobs, the largest increase in this sector since June of this year. Trade/transportation/utilities grew by 30,000, off from 36,000 the previous month. The 9,000 new jobs added in financial activities were below the average of the last four months which ranged from 11,000 to 13,000 per month.
“The strongest gains in the service sector since June led to greater employment growth in November,” said Ahu Yildirmaz, VP and head of theADP Research Institute. “The increase was driven in large part by a rebound in professional/business service jobs.”
Mark Zandi, chief economist of Moody’s Analytics, said, “Job growth remains strong and steady. The current pace of job creation is twice that needed to absorb growth in the working age population. The economy is fast approaching full employment and will be there no later than next summer.”Related Articles: