ROSELAND, N.J., Sept. 1,
2021 /PRNewswire/ -- Private sector employment
increased by 374,000 jobs from July to August according to the
August 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 data of
those who are on a company's payroll, measures the change in total
nonfarm private employment each month on a seasonally-adjusted
basis.
August 2021 Report
Highlights *
View the ADP National Employment Report Infographic
at www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment:
374,000
By Company Size
- Small businesses: 86,000
- 1-19 employees 25,000
- 20-49 employees 61,000
- Medium businesses: 149,000
- Large businesses: 138,000
- 500-999 employees 41,000
- 1,000+ employees 96,000
By Sector
- Goods-producing: 45,000
- Natural resources/mining 9,000
- Construction 30,000
- Manufacturing 6,000
- Service-providing:
329,000
- Trade/transportation/utilities 18,000
- Information 0
- Financial activities 13,000
- Professional/business services 19,000
- Professional/technical services
18,000
- Management of companies/enterprises
-1,000
- Administrative/support services
3,000
- Education/health services 59,000
- Health care/social assistance
39,000
- Education 19,000
- Leisure/hospitality 201,000
- Other services 19,000
* Sum of components may not equal total, due to rounding.
- Franchise Employment**
**Complete details on franchise employment can be found
here.
"Our data, which represents all workers on a company's payroll,
has highlighted a downshift in the labor market recovery. We have
seen a decline in new hires, following significant job growth from
the first half of the year," said Nela
Richardson, chief economist, ADP. "Despite the slowdown, job
gains are approaching 4 million this year, yet still 7 million jobs
short of pre-COVID-19 levels. Service providers continue to lead
growth, although the Delta variant creates uncertainty for this
sector. Job gains across company sizes grew in lockstep, with small
businesses trailing a bit more than usual."
Mark Zandi, chief economist of
Moody's Analytics, said, "The Delta variant of COVID-19 appears to
have dented the job market recovery. Job growth remains strong, but
well off the pace of recent months. Job growth remains inextricably
tied to the path of the pandemic."
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 July total of jobs added was revised from 330,000
to 326,000.
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 September 2021 ADP National
Employment Report will be released at 8:15 a.m. ET on October 6,
2021.
About the ADP® National Employment
Report™ 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 26 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.
Each month, ADP Research Institute issues the ADP National
Employment Report as part of the company's commitment to adding
deeper insights into the U.S. labor market and providing
businesses, governments and others with a source of credible and
valuable information. The ADP National Employment
Report is broadly distributed to the public each month, free of
charge.
The data for this report 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 the ADP National
Employment Report: Development Methodology.
About the ADP Research Institute
The mission of the
ADP Research Institute is to generate data-driven discoveries about
the world of work, and to derive reliable economic indicators from
these insights. We offer these findings to the world at large as
our unique contribution to making the world of work better and more
productive, and to bring greater awareness to the economy at
large.
About Moody's Analytics
Moody's Analytics provides
financial intelligence and analytical tools to help business
leaders make better, faster decisions. Our deep risk expertise,
expansive information resources, and innovative application of
technology help our clients confidently navigate an evolving
marketplace. We are known for our industry-leading and
award-winning solutions, made up of research, data, software, and
professional services, assembled to deliver a seamless customer
experience. We create confidence in thousands of organizations
worldwide, with our commitment to excellence, open mindset
approach, and focus on meeting customer needs.
About ADP (NASDAQ – ADP)
Designing better ways to work
through cutting-edge products, premium services and exceptional
experiences that enable people to reach their full potential.
HR, Talent, Time Management, Benefits and Payroll. Informed by data
and designed for people. Learn more at ADP.com
ADP, the ADP logo, and Always Designing for People,
ADP National Employment Report, ADP Small Business Report, ADP
National Franchise Report, and ADP Research Institute are
registered trademarks of ADP, Inc. All other marks are the property
of their respective owners.
Copyright © 2021 ADP, Inc. All rights reserved.
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