Private sector employment increased by 135,000 jobs from August to September according to the September 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.
September 2019 Report Highlights*
Total U.S. Nonfarm Private Employment: 135,000
By Company Size
– Small businesses: 30,000
– Medium businesses: 39,000
– Large businesses: 67,000
– Goods-producing: 8,000
– Service-providing: 127,000
* Sum of components may not equal total, due to rounding.
– Franchise Employment
“The job market has shown signs of a slowdown,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “The average monthly job growth for the past three months is 145,000, down from 214,000 for the same time period last year.”
Mark Zandi, chief economist of Moody’s Analytics, said, “Businesses have turned more cautious in their hiring. Small businesses have become especially hesitant. If businesses pull back any further, unemployment will begin to rise.”
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 August total of jobs added was revised down from 195,000 to 157,000.
The October 2019 ADP National Employment Report will be released at 8:15 a.m. ET on October 30, 2019.
To access more business news, visit NJB News Now.