• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
February 2012 ADP National Employment Report
 

February 2012 ADP National Employment Report

on

  • 554 views

Private-sector employment increased by 216,000 from January to February on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today.  Employment in the ...

Private-sector employment increased by 216,000 from January to February on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today.  Employment in the private, service-providing sector increased 170,000 in February.  Employment in the private, goods-producing sector rose 46,000 during the same period. Manufacturing employment increased 21,000, while construction employment advanced 16,000. Financial services added 14,000 jobs. Employment on small payrolls—those with up to 49 workers—rose 108,000 in February. Go to http://bit.ly/wD5E7G for more information.

Statistics

Views

Total Views
554
Views on SlideShare
554
Embed Views
0

Actions

Likes
1
Downloads
0
Comments
1

0 Embeds 0

No embeds

Accessibility

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel

11 of 1 previous next

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
  • Check out ADP's February 2012 National Employment Report.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    February 2012 ADP National Employment Report February 2012 ADP National Employment Report Document Transcript

    • Published on Wednesday, March 7, 2012, 8:15 AM ET February 2012 ADP National Employment Report®Employment in the U.S. nonfarm private business sector increased by 216,000 from January toFebruary on a seasonally adjusted basis. The estimated advance in employment from Decemberto January was revised slightly upwards to 173,000 from the initially reported 170,000.Employment in the private, service-providing sector rose 170,000 in February, and employmentin the private, goods-producing sector increased 46,000 in February. Manufacturingemployment increased 21,000.Employment on large payrolls—those with 500 or more workers—increased 20,000, andemployment on medium payrolls—those with 50 to 499 workers—rose 88,000 in February.Employment on small payrolls—those with up to 49 workers—rose 108,000 that same period.Of the 108,000 jobs created by small businesses, 18,000 jobs were created by the goods-producing sector and 90,000 jobs were created by the service-producing sector.Employment in the construction industry grew by 16,000 in February, marking the fifthconsecutive monthly gain in this sector. Employment in the financial services sector increased14,000 in February, marking the seventh consecutive and largest monthly gain over the last twoyears.For information on the construction sector and use of the ADP Report, please visit themethodology section of the ADP National Employment Report website athttp://ADPemploymentreport.com/methodology.aspx.* All size data included in the ADP National Employment Report is based on size of payroll. In some cases, small and medium-size payrolls belong to businesses employing more workers than indicated by the size grouping.
    • DERIVED FROM ADP PAYROLL DATA Table 1. Employees on nonfarm private payrolls by selected industry sector and size* (In thousands) Seasonally Adjusted Change Industry / Size of Payroll Sep. Oct. Nov. Dec. Jan. Feb. from: 2011 2011 2011 2011 2012p 2012p Jan.2012 - Feb.2012p Total nonfarm private……………109,225 109,367 109,593 109,860 110,033 110,249 216 Small (1-49)……………. 48,991 49,059 49,174 49,297 49,390 49,498 108 Medium (50-499)………. 42,344 42,412 42,505 42,622 42,698 42,786 88 Large (> 499)………….. 17,890 17,896 17,914 17,941 17,945 17,965 20 Goods-producing………….. 18,004 18,013 18,038 18,080 18,104 18,150 46 Small (1-49)……………. 6,615 6,619 6,633 6,649 6,659 6,677 18 Medium (50-499)………. 7,863 7,875 7,889 7,912 7,925 7,948 23 Large (> 499)………….. 3,526 3,519 3,516 3,519 3,520 3,525 5 Service-providing…………… 91,221 91,354 91,555 91,780 91,929 92,099 170 Small (1-49)……………. 42,376 42,440 42,541 42,648 42,731 42,821 90 Medium (50-499)………. 34,481 34,537 34,616 34,710 34,773 34,838 65 Large (> 499)………….. 14,364 14,377 14,398 14,422 14,425 14,440 15 Addendum: Manufacturing……………… 11,701 11,700 11,703 11,719 11,735 11,756 21 p = preliminary; subject to revision * All size data included in the ADP National Employment Report is based on size of payroll. In some cases, small and medium-size payrolls belong to businesses employing more workers than indicated by the size grouping. ®The matched sample usedAnnual RevisionsADP National Employment Report was derived from Notice of to develop the to the ADP National Employment ReportADP data, which, during 2011,in conjunction with 344,000 U.S. business clients and represented Automatic Data Processing, Inc., averaged about Macroeconomic Advisers, LLC, has published theover 21 million U.S. employees. This of emp loyment shown in the ADP National the matched sample scheduled annual revisions to the estimates approximately represents the size of Employment Report.used this month. Revisions include:  Updated regression estimates used to adjust for historical d ifferences in the variances of the monthly growth rates of emp loyment reported by the Bureau of Labor Statistics and computed fro m the ADP data.  Updated estimates of the differences in the historical averages of the growth rates of employ ment reported by the Bureau of Labor Statistics and computed fro m the ADP data.  Updated estimates of historical seasonal factors.  The reference month for establishing the levels of emp loyment shown in the ADP National Employment Report advanced from March of 2010 to March of 2011. Note: These revisions are published in accordance with the previously stated schedule of annual benchmark revisions to the ADP Report. No revisions have been made to the methodology of computing the estimates of employment shown in the ADP National Employment Report. Visit www.adpemploymentreport.com for details.
    • Chart 1. Growth of Private Nonfarm Employment, Goods-Producing Industries Recession ADP National Employment Report BLS Current Estimate 0.6 Simple Correlation = 0.95 0.4Monthly Percent Change, Seasonally Adjusted 0.2 0.0 -0.2 -0.4 -0.6 -0.8 -1.0 -1.2 -1.4 -1.6 -1.8 -2.0 -2.2 -2.4 Apr-02 Apr-04 Apr-06 Apr-09 Apr-11 Apr-01 Apr-03 Apr-05 Apr-07 Apr-08 Apr-10 Jan-01 Jan-03 Jan-05 Jan-07 Jan-09 Jan-12 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-11 Jul-01 Jul-03 Jul-06 Jul-08 Jul-10 Jul-02 Jul-04 Jul-05 Jul-07 Jul-09 Jul-11 Oct-03 Oct-05 Oct-07 Oct-09 Oct-01 Oct-02 Oct-04 Oct-06 Oct-08 Oct-10 Oct-11 Source: Automatic Data Processing, Inc., Macroeconomic Advisers, LLC., Bureau of Labor Statistics Chart 2. Growth of Private Nonfarm Employment, Service-Providing Industries Recession ADP National Employment Report BLS Current Estimate 0.6 Simple Correlation = 0.92 0.4Monthly Percent Change, Seasonally Adjusted 0.2 0.0 -0.2 -0.4 -0.6 -0.8 -1.0 -1.2 -1.4 -1.6 -1.8 -2.0 -2.2 Jan-02 Jan-05 Jan-07 Jan-09 Jan-11 Jan-01 Jan-03 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Jul-01 Jul-03 Jul-05 Jul-10 Jul-02 Jul-04 Jul-06 Jul-07 Jul-08 Jul-09 Jul-11 Apr-02 Oct-02 Apr-04 Oct-04 Apr-06 Oct-07 Apr-08 Oct-09 Apr-11 Oct-11 Apr-01 Oct-01 Apr-03 Oct-03 Apr-05 Oct-05 Oct-06 Apr-07 Oct-08 Apr-09 Apr-10 Oct-10 Source: Automatic Data Processing, Inc., Macroeconomic Advisers, LLC., Bureau of Labor Statistics
    • Chart 3. Growth of Private Nonfarm Employment, by Size of Payroll* Recession Small Medium Large 0.6 0.4Monthly Percent Change, Seasonally Adjusted 0.2 0.0 -0.2 -0.4 -0.6 -0.8 -1.0 -1.2 -1.4 -1.6 -1.8 -2.0 -2.2 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-01 Jan-02 Jan-03 Jan-04 Jul-01 Jul-02 Jul-03 Jul-04 Jul-05 Jul-06 Jul-07 Jul-08 Jul-09 Jul-10 Jul-11 Apr-01 Apr-02 Apr-03 Apr-04 Apr-05 Apr-06 Apr-07 Apr-08 Apr-09 Apr-10 Apr-11 Oct-01 Oct-02 Oct-03 Oct-04 Oct-05 Oct-06 Oct-07 Oct-08 Oct-09 Oct-10 Oct-11 * All size data included in the ADP National Employment Report is based on size of payroll. In some cases, small and medium -size payrolls belong to businesses employing more workers than indicated by the size grouping. Source: Automatic Data Processing, Inc., Macroeconomic Advisers, LLC. Chart 4. Monthly Changes of Employment in Construction and Financial Activities February 2012 100 50 Financial Activities 0 Thousands -50 -100 Construction -150 Jul.03 Jan.04 Jul.04 Jan.05 Jul.05 Jan.06 Jul.06 Jan.07 Jul.07 Jan.08 Jul.08 Jan.09 Jul.09 Jan.10 Jul.10 Jan.11 Jul.11 Jan.12Source: Automatic Data Processing, Inc., Macroeconomic Advisers, LLCAbout the ADP National Employment Report ®The ADP National Employment Report ® , sponsored by ADP®, was developed and is maintainedby Macroeconomic Advisers, LLC. It is a measure of employment derived from an anonymous
    • subset of roughly 500,000 U.S. business clients. During 2011, this subset averaged about344,000 U.S. business clients and represented over 21 million U.S. employees working in allprivate industrial sectors. The ADP Small Business Report ® is a monthly estimate of privatenonfarm employment among companies in the United States with 1-49 employees and is a subsetof the ADP National Employment Report. The data for both reports is collected for pay periodsthat can be interpolated to include the week of the 12th of each month, and processed withstatistical methodologies similar to those used by the U.S. Bureau of Labor Statistics to co mputeemployment from its monthly survey of establishments. Due to this processing, this subset ismodified to make it indicative of national employment levels; therefore, the resultingemployment changes computed for the ADP National Employment Report are not representativeof changes in ADP’s total base of U.S. business clients.For a description of the underlying data and the statistical properties of the series, please see“ADP National Employment Report: Development Methodology” athttp://ADPemploymentreport.com/methodology.aspx.The March 2012 ADP National Employment Report will be released April 4, 2012, at 8:15 AMET. For a full schedule of future releases, please visit: www.ADPemp loy mentreport.com. Media contacts: ADP Public Relations: 973-974-7612 Macroeconomic Advisers: 314-721-4747 Technical information: 314-721-4747 www.ADPemploymentreport.com The ADP logo, ADP, ADP National Employment Report, and ADP Small Business Report are registered trademarks of ADP, Inc.