ADP National Employment Report: Private Sector Employment Increased by 128,000 Jobs in May
According to the ADP National Employment Report for May 2022, private sector employment rose by 128,000 jobs from April. Small businesses lost 91,000 jobs, while medium and large businesses saw increases of 97,000 and 122,000 jobs, respectively. Job growth was predominantly in the service sector, contributing 104,000 jobs compared to 24,000 in goods-producing sectors. The report, derived from ADP payroll data, indicates a cautious hiring environment amid ongoing tight labor market conditions and inflation. The adjusted total for April was revised to 202,000 jobs.
- Private sector employment increased by 128,000 jobs.
- Medium businesses added 97,000 jobs.
- Large businesses saw an increase of 122,000 jobs.
- Small businesses experienced a loss of 91,000 jobs.
- Job growth rate is closer to pre-pandemic levels, indicating a slowdown.
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
- 50-499 employees 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**
- Franchise jobs 26,400
**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.
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.
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.
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.
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