Private Sector Employment Increased by 365,000 Jobs

On Nov 6, 2020

Private sector employment increased by 365,000 jobs from September to October according to the October 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 ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.

October 2020 Report Highlights*

Total U.S. Nonfarm Private Employment:     365,000

By Company Size

– Small businesses:     114,000

• 1-19 employees     63,000
• 20-49 employees     51,000

– Medium businesses:     135,000

• 50-499 employees     135,000

– Large businesses:     116,000

• 500-999 employees     32,000
• 1,000+ employees     83,000

By Sector

– Goods-producing:     17,000

• Natural resources/mining     3,000
• Construction     7,000
• Manufacturing     7,000

– Service-providing:     348,000

• Trade/transportation/utilities     53,000
• Information     0
• Financial activities     6,000
• Professional/business services     60,000
  – Professional/technical services     19,000
  – Management of companies/enterprises     2,000
  – Administrative/support services     40,000
• Education/health services     79,000
  – Health care/social assistance     68,000
  – Education     11,000
• Leisure/hospitality     125,000
• Other services     23,000

* Sum of components may not equal total, due to rounding.

– Franchise Employment**

• Franchise jobs     49,600

**Complete details on franchise employment can be found here.

“The labor market continues to add jobs, yet at a slower pace,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Although the pace is slower, we’ve seen employment gains across all industries and sizes.”

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 September total of jobs added was revised from 749,000 to 753,000.

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 November 2020 ADP National Employment Report will be released at 8:15 a.m. ET on Dec. 2, 2020.

To access more business news, visit NJB News Now.

Related Articles: