ADP National Employment Report: Private Sector Employment Increased by 455,000 Jobs in March
The March ADP National Employment Report reveals a significant increase in private sector employment, with 455,000 jobs added from February to March 2022. Small businesses contributed 90,000 jobs, medium businesses added 188,000, and large businesses accounted for 177,000. Employment growth was robust across sectors, particularly in service-providing industries, which saw 377,000 new jobs. The report also highlights a revision of February's job additions from 475,000 to 486,000. However, the chief economist noted that a tight labor supply poses challenges for ongoing growth in consumer-facing sectors.
- 455,000 jobs added in March 2022, indicating strong employment growth.
- Significant contributions from medium and large businesses, with 188,000 and 177,000 jobs added respectively.
- Service-providing industries saw 377,000 new jobs, reflecting sector recovery post-pandemic.
- Tight labor supply remains an obstacle for continued growth, particularly in consumer-facing industries.
ROSELAND, N.J., March 30, 2022 /PRNewswire/ -- Private sector employment increased by 455,000 jobs from February to March according to the March ADP® National Employment ReportTM. 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.
March 2022 Report Highlights*
View the ADP National Employment Report Infographic at www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment: 455,000
By Company Size
- Small businesses: 90,000
- 1-19 employees 37,000
- 20-49 employees 53,000
- Medium businesses: 188,000
- 50-499 employees 188,000
- Large businesses: 177,000
- 500-999 employees 59,000
- 1,000+ employees 118,000
By Sector
- Goods-producing: 79,000
- Natural resources/mining 9,000
- Construction 15,000
- Manufacturing 54,000
- Service-providing: 377,000
- Trade/transportation/utilities 49,000
- Information 0
- Financial activities 12,000
- Professional/business services 61,000
- Professional/technical services 24,000
- Management of companies/enterprises 1,000
- Administrative/support services 36,000 - Education/health services 72,000
- Health care/social assistance 62,000
- Education 11,000 - Leisure/hospitality 161,000
- Other services 21,000
* Sum of components may not equal total, due to rounding.
- Franchise Employment**
- Franchise jobs 11,200
**Complete details on franchise employment can be found here.
"Job growth was broad-based across sectors in March, contributing to the nearly 1.5 million jobs added for the first quarter in 2022," said Nela Richardson, chief economist, ADP. "Businesses are hiring, specifically among the service providers which had the most ground to make up due to early pandemic losses. However, a tight labor supply remains an obstacle for continued growth in consumer-facing industries."
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 February total of jobs added was revised from 475,000 to 486,000.
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 April 2022 ADP National Employment Report will be released at 8:15 a.m. ET on May 4, 2022.
About the ADP® National Employment ReportTM
The ADP® National Employment ReportTM 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 © 2022 ADP, Inc. All rights reserved.
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