Private sector employment increased by 117,000 jobs from January to February according to the February 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 Roseland-based ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.
Total U.S. Nonfarm Private Employment: 117,000
By Company Size
– Small businesses: 32,000
– Medium businesses: 57,000
– Large businesses: 28,000
– Goods-producing: -14,000
– Service-providing: 131,000
* Sum of components may not equal total, due to rounding.
– Franchise Employment**
**Complete details on franchise employment can be found here.
“The labor market continues to post a sluggish recovery across the board,” said Nela Richardson, chief economist, ADP. “We’re seeing large-sized companies increasingly feeling the effects of COVID-19, while job growth in the goods producing sector pauses. With the pandemic still in the driver’s seat, the service sector remains well below its pre-pandemic levels; however, this sector is one that will likely benefit the most over time with reopenings and increased consumer confidence.”
The matched sample used to develop the ADP National Employment Report was derived from ADP payroll data, which represents 460,000 U.S. clients employing nearly 26 million workers in the U.S. The January total of jobs added was revised from 174,000 to 195,000.
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 March 2021 ADP National Employment Report will be released at 8:15 a.m. ET on March 31, 2021.
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