Private sector employment increased by 163,000 jobs from July to August according to the August 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.
August 2018 Report Highlights*
View the ADP National Employment Report Infographic at www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment: 163,000
By Company Size
– Small businesses: 21,000
- 1-19 employees 9,000
- 20-49 employees 12,000
– Medium businesses: 111,000
- 50-499 employees 111,000
– Large businesses: 31,000
- 500-999 employees 27,000
- 1,000+ employees 4,000
– Goods-producing: 24,000
- Natural resources/mining -1,000
- Construction 5,000
- Manufacturing 19,000
– Service-providing: 139,000
- Trade/transportation/utilities 21,000
- Information 8,000
- Financial activities 7,000
- Professional/business services 38,000
- Professional/technical services 10,000
- Management of companies/enterprises 5,000
- Administrative/support services 23,000
- Education/health services 31,000
- Health care/social assistance 19,000
- Education 12,000
- Leisure/hospitality 25,000
- Other services 8,000
* Sum of components may not equal total, due to rounding.
– Franchise Employment**
- Franchise jobs 20,700
**Complete details on franchise employment can be found here.
“Although we saw a small slowdown in job growth, the market remains incredibly dynamic,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Midsized businesses continue to be the engine of growth, adding nearly 70 percent of all jobs this month, and remain resiliant in the current economic climate.”
Mark Zandi, chief economist of Moody’s Analytics, said, “The job market is hot. Employers are aggressively competing to hold onto their existing workers and to find new ones. Small businesses are struggling the most in this competition, as they increasingly can’t fill open positions.”
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 July total of jobs added was revised down from 219,000 to 217,000.
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 September 2018 ADP National Employment Report will be released at 8:15 a.m. ET on October 3, 2018.