ROSELAND, N.J., June 2, 2022
/PRNewswire/ -- Private sector employment increased by 128,000 jobs
from April to May according to the May 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.
May 2022 Report
Highlights*
View the ADP National Employment Report Infographic
at www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment:
128,000
By Company Size
- Small businesses:
-91,000
- 1-19 employees -78,000
- 20-49 employees -14,000
- Medium businesses: 97,000
- Large businesses: 122,000
- 500-999 employees 46,000
- 1,000+ employees 77,000
By Sector
- Goods-producing:
24,000
- Natural resources/mining 5,000
- Construction -2,000
- Manufacturing 22,000
- Service-providing:
104,000
- Trade/transportation/utilities 8,000
- Information -2,000
- Financial activities 10,000
- Professional/business services 23,000
- Professional/technical services
19,000
- Management of companies/enterprises
1,000
- Administrative/support services
4,000
- Education/health services 46,000
- Health care/social assistance
41,000
- Education 5,000
- Leisure/hospitality 17,000
- Other services 2,000
* Sum of components may not equal total, due to rounding.
- Franchise Employment**
**Complete details on franchise employment can be found
here.
"Under a backdrop of a tight labor market and elevated
inflation, monthly job gains are closer to pre-pandemic levels,"
said Nela Richardson, chief
economist, ADP. "The job growth rate of hiring has tempered across
all industries, while small businesses remain a source of concern
as they struggle to keep up with larger firms that have been
booming as of late."
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 April total of jobs added was revised from 247,000
to 202,000.
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 June 2022 ADP National
Employment Report will be released at 8:15 a.m. ET on July 7,
2022.
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 ADP Research Institute delivers data-driven discoveries
about the world of work and derives reliable economic indicators
from these insights. We offer these findings as a unique
contribution to making the world of work better and more productive
by delivering actionable insights 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
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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.
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