ADP National Employment Report: Private Sector Employment Increased by 571,000 Jobs in October

ROSELAND, N.J., Nov. 3, 2021 /PRNewswire/ -- Private sector employment increased by 571,000 jobs from September to October according to the October 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.

October 2021 Report Highlights*

View the ADP National Employment Report Infographic at www.adpemploymentreport.com.

Total U.S. Nonfarm Private Employment:     571,000

By Company Size

- Small businesses:     115,000

  • 1-19 employees     56,000
  • 20-49 employees     60,000

- Medium businesses:     114,000

  • 50-499 employees     114,000

- Large businesses:     342,000

  • 500-999 employees     37,000
  • 1,000+ employees     305,000

By Sector

- Goods-producing:     113,000

  • Natural resources/mining     6,000
  • Construction     54,000
  • Manufacturing     53,000

- Service-providing:     458,000

  • Trade/transportation/utilities     78,000
  • Information     14,000
  • Financial activities     15,000
  • Professional/business services     88,000
         - Professional/technical services     54,000
         - Management of companies/enterprises     4,000
         - Administrative/support services     29,000
  • Education/health services     56,000
         - Health care/social assistance     47,000
         - Education     10,000
  • Leisure/hospitality     185,000
  • Other services     22,000

* Sum of components may not equal total, due to rounding.

- Franchise Employment**

  • Franchise jobs     55,300

**Complete details on franchise employment can be found here.

"The labor market showed renewed momentum last month, with a jump from the third quarter average of 385,000 monthly jobs added, marking nearly 5 million job gains this year," said Nela Richardson, chief economist, ADP.  "Service sector providers led the increase and the goods sector gains were broad based, reporting the strongest reading of the year. Large companies fueled the stronger recovery in October, marking the second straight month of impressive growth."

Mark Zandi, chief economist of Moody's Analytics, said, "The job market is revving back up as the Delta-wave of the pandemic winds down. Job gains are accelerating across all industries, and especially among large companies. As long as the pandemic remains contained, more big job gains are likely in coming months."

Chart 1. Change in Total Nonfarm Private Employment

Chart 2. Historical Trend - Change in Total Nonfarm Private Employment

Chart 3. Change in Nonfarm Private Employment by Selected Industry

Chart 4. Change in Nonfarm Private Employment by Company Size

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 September total of jobs added was revised from 568,000 to 523,000.

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 November 2021 ADP National Employment Report will be released at 8:15 a.m. ET on December 1, 2021.

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 © 2021 ADP, Inc. All rights reserved.

ADP-Media

(PRNewsfoto/ADP, LLC)

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/adp-national-employment-report-private-sector-employment-increased-by-571-000-jobs-in-october-301415217.html

SOURCE ADP, Inc.

{{root.upsell.info.feature_headline}}.

{{root.upsell.info.feature_description}}

Please note that this feature is only available as an add-on to YCharts subscriptions.


Please note that this feature requires full activation of your account and is not permitted during the free trial period.

Start My Free Trial {{root.upsell.info.call_to_action}} No credit card required.

Already a subscriber? Sign in.