The ADP Research Institute® in collaboration with Moody's Analytics, publishes a monthly snapshot of what's occurring in non-farm private sector employment.
The ADP National Employment Report® is a dependable guide, reporting real transactional payroll data, providing insight into what’s happening in various markets for labor and talent.
The company breaks down its reports into four categories:
All are worth reviewing each month (and tracking in time series) to get a complete picture of what's happening and how job market conditions are trending in your industries, relevant functions, and regions. Here are five interesting stats from ADP's latest national employment report:
U.S. nonfarm private businesses added a total of 216K jobs in November 2016, representing a huge jump from October when only 147K nonfarm private sector jobs were added and September (+154K).
Indeed, that 216K overall increase reflects a net 228K gain in service-sector jobs less 12K jobs lost across goods producing sectors of the economy. On the goods producing side, manufacturing lost 10K jobs last month, natural resources & mining lost 4K, and construction eked out a small 2K job gain for the month. On the services side, nearly all sectors — trade, transportation & utilities, financial, professional & business, education & health, leisure & hospitality, and other services — showed job growth except for information, which lost 10K jobs in November. The services sector adding the most jobs last month was trade, transportation, and utilities at +69K. Professional and business was also strong, adding 68K new jobs. Education & health takes the third rank with +43K.
While the ADP report shows job growth last month in all major company size brackets, the biggest gains came from the midmarket (50-499 employees) at +89K and supersized companies (1,000 or more employees), which added 76K jobs. Small businesses (1-49 employees) added 37K jobs, while business with 500-999 employees added 14K new positions.
The South was the biggest winner last month with +89K Jobs. The West region took second place with +60K, the Midwest third with +35K, and the Northeast region brings up the rear with +32K.
Texas takes the number two spot with +26.3K, Florida is number three with +14.4K, New York takes fourth with +11.7K, and Illinois rounds out the Top Five states with +8.6K. The lowest job creation rate in November took place in Kentucky with just +700. Washington, D.C. was next with just +1,700.