ROSELAND, NJ — (Marketwire) — 03/06/13 — Private sector employment increased by 198,000 jobs from January to February, according to the February , which is produced by , a leading provider of human capital management solutions, 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. The January 2013 report, which reported job gains of 192,000, was revised upward by 23,000 to 215,000 jobs.
View the ADP National Employment Report Infograph at .
1-19 employees 47,000
20-49 employees 29,000
50-499 employees 65,000
500-999 employees 23,000
1,000+ employees 34,000
Goods producing 34,000
Service providing 164,000
Construction 21,000
Manufacturing 9,000
Trade/transportation/utilities 45,000
Financial activities 7,000
Professional/business services 35,000
* Sum of components may not equal total, due to rounding.
Goods-producing employment rose by 34,000 jobs in February, driven largely by a gain in construction jobs of 21,000. Meanwhile, manufacturers added 9,000 jobs.
Service-providing jobs increased by 164,000. Among the service industries reported by the ADP National Employment Report, trade/transportation/utilities services showed the largest gain with 45,000 jobs added over the month. Business/professional services added 35,000 jobs and financial activities added 7,000 jobs.
“In February 2013, the U.S. private sector added a total of 198,000 new jobs, with most of this job growth occurring in the services sector,” noted Carlos A. Rodriguez, president and chief executive officer of ADP. “This growth can be attributed to comparable contributions across all three company size segments.”
Mark Zandi, chief economist of Moody-s Analytics, said, “The job market remains sturdy in the face of significant fiscal headwinds. Businesses are adding to payrolls more strongly at the start of 2013 with gains across all industries and business sizes. Tax increases and government spending cuts don-t appear to be affecting the job market.”
To see , please click :
To see , please click :
To see , please click :
To see , please click :
Businesses with 49 or fewer employees added 77,000 jobs in February. Employment levels among medium-sized companies with 50-499 employees rose by 65,000, while employment at large companies — those with 500 or more employees — increased by 57,000.
The matched sample used to develop the ADP National Employment Report was derived from ADP payroll data, which represents 416,000 U.S. clients employing nearly 24 million workers in the U.S.
Due to the important contribution that small businesses make to economic growth, employment data that are specific to businesses with 49 or fewer employees is reported monthly in the ADP Small Business Report®, a subset of the ADP National Employment Report.
1-19 employees 47,000
20-49 employees 29,000
:
Goods producing 16,000
Service providing 60,000
Goods producing 12,000
Service providing 36,000
Goods producing 4,000
Service providing 25,000
* Sum of components may not equal total, due to rounding.
Additional information about small business employment, including charts on monthly job growth and employment levels along with historical data, is available at .
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 .
The March 2013 ADP National Employment Report will be released at 8:15 a.m. ET on April 3, 2013.
®
The ADP National Employment Report® is a monthly measure of the change in total U.S. nonfarm private employment derived from actual, anonymous payroll data of client companies served by ADP®, a leading provider of human capital management solutions. The report, which measures nearly 24 million U.S. workers, is produced by the ADP Research Institute, a specialized group within the company that provides insights around employment trends and workforce strategy, in collaboration with Moody-s Analytics, Inc.
The ADP Small Business Report is a monthly estimate of private nonfarm employment among companies in the U.S. with 1-49 employees and is a subset of the ADP National Employment Report. The data for both reports is collected for pay periods that can be interpolated to include the week of the 12th of each month, and processed with statistical methodologies similar to those used by the U.S. Bureau of Labor Statistics to compute employment from its monthly survey of establishments. Due to this processing, this subset is modified to make it indicative of national employment levels; therefore, the resulting employment changes computed for the ADP National Employment Report are not representative of changes in ADP-s total base of U.S. business clients.
For a description of the underlying data and the statistical model used to create this report, please see “ADP National Employment Report: Development Methodology” at .
Moody-s Analytics helps capital markets and risk management professionals worldwide respond to an evolving marketplace with confidence. The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research and financial risk management. By providing leading-edge software, advisory services and research, including the proprietary analysis of Moody-s Investors Service, Moody-s Analytics integrates and customizes its offerings to address specific business challenges. Moody-s Analytics is a subsidiary of Moody-s Corporation (NYSE: MCO), which reported revenue of $2.3 billion in 2011, employs approximately 6,500 people worldwide and has a presence in 28 countries. Further information is available at .
, Inc. (NASDAQ: ADP), with more than $10 billion in revenues and approximately 600,000 clients, is one of the world-s largest providers of business outsourcing and solutions. Leveraging over 60 years of experience and a global footprint spanning more than 40 countries, ADP offers a wide range of , , , and from a single source, and helps clients comply with regulatory and legislative changes, such as the . ADP-s easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company-s Web site at .
The ADP logo, ADP, ADP National Employment Report, and ADP Small Business Report are registered trademarks of ADP, Inc. ADP Research Institute is a service mark of ADP, Inc. Copyright © 2013, ADP, Inc.
Image Available:
Image Available:
Image Available:
Image Available:
(212) 445-8281