ADP, LLC issued the following announcement on June 5.
Private sector employment increased by 27,000 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 payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.
May 2019 Report Highlights*
View the ADP National Employment Report Infographic at www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment: 27,000
By Company Size
- Small businesses: -52,000
1-19 employees -50,000
20-49 employees -2,000
- Medium businesses: 11,000
50-499 employees 11,000
- Large businesses: 68,000
500-999 employees 9,000
1,000+ employees 59,000
- Goods-producing: -43,000
Natural resources/mining -4,000
- Service-providing: 71,000
Financial activities 13,000
Professional/business services 22,000
- Professional/technical services 14,000
- Management of companies/enterprises 3,000
- Administrative/support services 5,000
Education/health services 33,000
- Health care/social assistance 34,000
- Education -1,000
Other services -9,000
* Sum of components may not equal total, due to rounding.
- Franchise Employment**
Franchise jobs -4,800
**Complete details on franchise employment can be found here.
"Following an overly strong April, May marked the smallest gain since the expansion began," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. "Large companies continue to remain strong as they are better equipped to compete for labor in a tight labor market."
Mark Zandi, chief economist of Moody's Analytics, said, "Job growth is moderating. Labor shortages are impeding job growth, particularly at small companies, and layoffs at brick-and-mortar retailers are hurting."
The matched sample used to develop the ADP National Employment Report was derived from ADP payroll data, which represents 411,000 U.S. clients employing nearly 24 million workers in the U.S. The April total of jobs added was revised down from 275,000 to 271,000.
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 2019ADP National Employment Report will be released at 8:15 a.m. ET on July 3, 2019.
Original source can be found here.