Private sector employment increased by 177,000 jobs from May to June, according to the June ADP National Employment Report®. 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.
June 2018 Report Highlights*
View the ADP National Employment Report Infographic at www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment: 177,000
By Company Size
Small businesses: 29,000
1-19 employees 16,000
20-49 employees 13,000
Medium businesses: 80,000
50-499 employees 80,000
Large businesses: 69,000
500-999 employees 22,000
1,000+ employees 46,000
Natural resources/mining 5,000
Financial activities 7,000
Professional/business services 33,000
Professional/technical services 11,000
Management of companies/enterprises 3,000
Administrative/support services 18,000
Education/health services 46,000
Health care/social assistance 37,000
Other services 7,000
* Sum of components may not equal total, due to rounding.
Franchise jobs 13,800
**Complete details on franchise employment can be found here.
“The labor market continues to march towards full employment,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Healthcare led job growth once again and trade rebounded nicely.”
Mark Zandi, chief economist of Moody’s Analytics, said, “Business’ number one problem is finding qualified workers. At the current pace of job growth, if sustained, this problem is set to get much worse. These labor shortages will only intensify across all industries and company sizes.”
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 May total of jobs added was revised up from 178,000 to 189,000.
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