ADP National Employment Report Shows 220,000 Jobs Added in April
Source: ADP®, Automatic Data Processing
http://www.adpemploymentreport.com/2014/April/NER/docs/ADP-NATIONAL-EMPLOYMENT-REPORT-April2014-Final-Press-Release.pdf
ADP NATIONAL EMPLOYMENT REPORT: PRIVATE SECTOR EMPLOYMENT INCREASED BY 220,000 JOBS IN APRIL
ROSELAND, N.J. –April 30, 2014 –Private sector employment increased by 220,000 jobs from March to April according to the April ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is
produced by ADP®, a leading global provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally adjusted basis.
Goods-producing employment rose by 24,000 jobs in April, down from 28,000 jobs gained in March. Most of the gains again came from the construction industry which added 19,000 jobs over the month, compared to 21,000 in March. Manufacturing continued to be sluggish adding 1,000 jobs in April, down from 4,000 in March.
Service-providing employment rose by 197,000 jobs in April, up from the upwardly revised 181,000 in March. The ADP National Employment Report indicates that professional/ business services contributed the most to growth in service-providing industries, adding 77,000 jobs, up from 67,000 in March. Expansion in trade/transportation/utilities grew by 34,000, about equal to the 35,000 jobs added in March. The 8,000 new jobs in financial activities mark the strongest pace of growth in the industry since June 2013.
"The 220,000 U.S. private sector jobs added in April is well above the twelve-month average,” said Carlos Rodriguez, president and chief executive officer of ADP. “Job growth appears to be trending up and hopefully this will continue.” ... Mark Zandi, chief economist of Moody’s Analytics, said, "The job market is gaining strength. After a tough winter employers are expanding payrolls across nearly all industries and company sizes. The recent pickup in job growth at mid-sized companies may signal better business confidence. Job market prospects are steadily improving.”
Change in Nonfarm Private Employment (in thousands)
Historical Trend - Change in Total Nonfarm Private Employment (in thousands)
Read more: http://www.adpemploymentreport.com/2014/April/NER/NER-April-2014.aspx
What is important about these statistics is not so much this month’s number, but the trend. So let’s look at some earlier numbers.
Bureau of Labor Statistics, for employment in March 2014:
Payroll employment increases in March (+192,000); unemployment rate unchanged (6.7%)
http://www.democraticunderground.com/1014772273
ADP® (Automatic Data Processing), for employment in March 2014:
U.S. Economy Added 191,000 Private-Sector Jobs in March, According to ADP National Employment Report
http://www.democraticunderground.com/1014770525
Bureau of Labor Statistics, for employment in February 2014:
Payroll employment increases in February (+175,000); unemployment rate changes little (6.7 percent)
http://www.democraticunderground.com/1014747923
ADP® (Automatic Data Processing), for employment in February 2014:
U.S. Economy Added 139,000 Private-Sector Jobs in February, According to ADP National Employment Report
http://www.democraticunderground.com/1014745826
Bureau of Labor Statistics, for employment in January 2014:
Payroll employment rises in January (+113,000); unemployment rate changes little (6.6%)
http://www.democraticunderground.com/1014721228
ADP® (Automatic Data Processing), for employment in January 2014:
U.S. Economy Added 175,000 Private-Sector Jobs in January, According to ADP National Employment Report
http://www.democraticunderground.com/1014719171
= new reply since forum marked as read
