The Manufacturer Magazine : Promoting best practice in Manufacturing

ADP National Employment Report shows US added 57,000 private sector jobs in May

Manufacturing News, Source : The Manufacturer US
Published : 05 Jun 2007 20:50

ROSELAND, New Jersey – May 30, 2007 – According to today’s ADP National Employment Report SM, private sector employment increased by 97,000 in May.

The ADP National Employment Report, created by ADP® Employer Services, a division of Automatic Data Processing, Inc. (ADP), in partnership with Macroeconomic Advisers, LLC, is based on actual payroll data and measures the change in total nonfarm private employment each month.

“Private nonfarm employment grew 97,000 from April to May of 2007 on a seasonally adjusted basis, according to the ADP National Employment Report™,” said Joel Prakken, Chairman of Macroeconomic Advisers, LLC. “This month’s ADP National Employment Report suggests monthly gains of employment in the private nonfarm business sector averaged 85,000 over the last three months, as estimated by the ADP National Employment Report.”

Prakken added, “Continuing recent trends, employment grew 120,000 in the service-providing sectors of the economy, while employment fell 23,000 in the goods-producing sectors, which marks the sixth consecutive monthly decline. This includes a decline of 10,000 in the manufacturing sector.”

“Also continuing recent trends, small and medium-sized businesses accounted for most of the rise in employment in May, with gains of 58,000 and 31,000 respectively. May’s growth was further aided by an employment increase of 8,000 at large businesses, the first monthly gain since November 2006,” said Prakken.

The matched sample used to develop the ADP National Employment Report was derived from ADP data which, during the last six months of 2006, averaged 364,000 payrolls representing 22 million U.S. employees. This approximately represents the size of the matched sample used this month.

Interpreting the Report

The forecasts of total nonfarm private employment, as well as nonfarm private employment by industry sector and company size are represented as both a monthly employment level and a monthly change in employment. The employment level represents the number of nonfarm private jobs in the U.S. economy at a common point in time each month. The change in monthly employment represents the increase or decrease in employment between these common points in time in two consecutive months.

Comments on this story

click here to add a comment

Related Content

FKI LOGISTEX OPENS NORTH AMERICAN TECHNOLOGY & EDUCATION CENTER (TEC)
(St. Louis, Missouri, USA: July 10, 2007) FKI...
more…

Guess selects the tradecard platformand SourceView suite to optimize global trade
NEW YORK, July 10, 2007 – TradeCard Inc., the...
more…

Kimberly-Clark Professional Crosses Final Touchless Frontier With Introduction of First Electronic Bath Tissue Dispenser
ROSWELL, Ga. (July 9, 2007) – Kimberly-Clark...
more…

Boeing Celebrates the Premiere of the 787 Dreamliner
EVERETT, Wash., July 08, 2007 -- Today, Boeing...
more…