ROSELAND, NJ -- (Marketwire) -- 03/06/13 -- Private sector employment increased by 198,000 jobs from January to February, according to the February ADP National Employment Report®, which is produced by ADP®, a leading provider of human capital management 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. The January 2013 report, which reported job gains of 192,000, was revised upward by 23,000 to 215,000 jobs.
February 2013 Report Highlights*
View the ADP National Employment Report Infograph at www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment: 198,000
* Sum of components may not equal total, due to rounding.
Goods-producing employment rose by 34,000 jobs in February, driven largely by a gain in construction jobs of 21,000. Meanwhile, manufacturers added 9,000 jobs.
Service-providing jobs increased by 164,000. Among the service industries reported by the ADP National Employment Report, trade/transportation/utilities services showed the largest gain with 45,000 jobs added over the month. Business/professional services added 35,000 jobs and financial activities added 7,000 jobs.
"In February 2013, the U.S. private sector added a total of 198,000 new jobs, with most of this job growth occurring in the services sector," noted Carlos A. Rodriguez, president and chief executive officer of ADP. "This growth can be attributed to comparable contributions across all three company size segments."
Mark Zandi, chief economist of Moody's Analytics, said, "The job market remains sturdy in the face of significant fiscal headwinds. Businesses are adding to payrolls more strongly at the start of 2013 with gains across all industries and business sizes. Tax increases and government spending cuts don't appear to be affecting the job market."
To see Chart 1. Change in Total Nonfarm Private Employment, please click here:
To see Chart 2. Historical Trend - Change in Total Nonfarm Private Employment, please click here: http://media.marketwire.com/attachments/201303/MOD-134311_Chart2.HistoricalTrend-ChangeinTotalNonfarmPrivateEmployment.jpg
To see Chart 3. Change in Nonfarm Private Employment by Selected Industry, please click here: http://media.marketwire.com/attachments/201303/MOD-134312_Chart3.ChangeinNonfarmPrivateEmploymentbySelectedIndustry.jpg
To see Chart 4. Change in Nonfarm Private Employment by Company Size, please click here: http://media.marketwire.com/attachments/201303/MOD-134313_Chart4.ChangeinNonfarmPrivateEmploymentbyCompanySize.jpg
Businesses with 49 or fewer employees added 77,000 jobs in February. Employment levels among medium-sized companies with 50-499 employees rose by 65,000, while employment at large companies -- those with 500 or more employees -- increased by 57,000.
The matched sample used to develop the ADP National Employment Report was derived from ADP payroll data, which represents 416,000 U.S. clients employing nearly 24 million workers in the U.S.
---------------------------------------------------------------------------- Notice of Annual Revisions to the ADP National Employment Report® ADP®, in conjunction with Moody's Analytics, has published the following scheduled annual revisions to the estimates of employment shown in the ADP National Employment Report: -- New regression coefficients and historical job growth estimates based on ADP data and revised payroll data through December 2012 from the Bureau of Labor Statistics; -- Incorporation of March 2012 industry and size class data from the Quarterly Census of Employment and Wages (QCEW) in the generation process; and -- Adjustments of historical job growth estimates consistent with QCEW data through March 2012 and the U.S. Bureau of Labor Statistics' annual benchmarking process. Note: No revisions have been made to the methodology of computing the estimates of employment shown in the ADP National Employment Report. Annual revisions can be found by accessing the Historical Data File on http://www.adpemploymentreport.com. ----------------------------------------------------------------------------
ADP Small Business Report®:
Due to the important contribution that small businesses make to economic growth, employment data that are specific to businesses with 49 or fewer employees is reported monthly in the ADP Small Business Report®, a subset of the ADP National Employment Report.
February 2013 Small Business Report Highlights*
Total Small Business Employment: 77,000
* Sum of components may not equal total, due to rounding.
Additional information about small business employment, including charts on monthly job growth and employment levels along with historical data, is available at www.adpemploymentreport.com.
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 March 2013 ADP National Employment Report will be released at 8:15 a.m. ET on April 3, 2013.
About the ADP National Employment Report®
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 24 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.
The ADP Small Business Report is a monthly estimate of private nonfarm employment among companies in the U.S. with 1-49 employees and is a subset of the ADP National Employment Report. The data for both reports 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 "ADP National Employment Report: Development Methodology" at www.adpemploymentreport.com/docs/ADP-NER-Methodology-Full-Detail.pdf.
About Moody's Analytics
Moody's Analytics helps capital markets and risk management professionals worldwide respond to an evolving marketplace with confidence. The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research and financial risk management. By providing leading-edge software, advisory services and research, including the proprietary analysis of Moody's Investors Service, Moody's Analytics integrates and customizes its offerings to address specific business challenges. Moody's Analytics is a subsidiary of Moody's Corporation (NYSE: MCO), which reported revenue of $2.3 billion in 2011, employs approximately 6,500 people worldwide and has a presence in 28 countries. Further information is available at www.moodysanalytics.com.
ADP, Inc. (NASDAQ: ADP), with more than $10 billion in revenues and approximately 600,000 clients, is one of the world's largest providers of business outsourcing and human capital management solutions. Leveraging over 60 years of experience and a global footprint spanning more than 40 countries, ADP offers a wide range of human resource, payroll, talent management, tax and benefits administration solutions from a single source, and helps clients comply with regulatory and legislative changes, such as the Affordable Care Act. ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company's Web site at www.adp.com.
The ADP logo, ADP, ADP National Employment Report, and ADP Small Business Report are registered trademarks of ADP, Inc. ADP Research Institute is a service mark of ADP, Inc. Copyright © 2013, ADP, Inc.
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