ADP Employment Change (Oct) 147K vs 165K Expected

• ADP Employment Change (Oct) 147K vs 165K Expected

(Updated)

Private sector employment increased by 147,000 jobs from September to October according to the October 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.

The October ADP National Employment Report is the first installment of this monthly report that includes the 10 super sectors outlined by the U.S. Bureau of Labor Statistics.

October 2016 Report Highlights*

View the ADP National Employment Report Infographic at www.adpemploymentreport.com.

Total U.S. Nonfarm Private Employment: 147,000

By Company Size

• Small businesses: 34,000
  • 1-19 employees 14,000
  • 20-49 employees 20,000
• Medium businesses: 48,000
  • 50-499 employees 48,000
• Large businesses: 64,000
  • 500-999 employees 2,000
  • 1,000+ employees 63,000

By Sector

• Goods-producing -18,000
  • Natural resources/mining -2,000
  • Construction -15,000
  • Manufacturing -1,000
• Service-providing 165,000
  • Trade/transportation/utilities 17,000
  • Information 3,000
  • Financial activities 18,000
  • Professional/business services 69,000
    • Professional/technical services 28,000
    • Management of companies/enterprises 6,000
    • Administrative/support services 36,000
  • Education/health services 22,000
    • Health care/social assistance 34,000
    • Education -12,000
  • Leisure/hospitality 38,000
  • Other services -2,000

* Sum of components may not equal total, due to rounding.

• Franchise Employment**
  • Franchise jobs 25,000

**Complete details on franchise employment can be found here.

"Job growth appears to be shifting from small to large companies due to the lessening impact the global economic environment had on large companies earlier in the year," said Ahu Yildirmaz, vice president and head of the ADP Research Institute. "This is also true because large companies often have the resources to attract workers with better pay and benefit packages."

Mark Zandi, chief economist of Moody's Analytics, said, "Job growth remains strong although the pace of growth appears to be slowing. Behind the slowdown is businesses' difficulty filling open positions. However, there is some weakness in construction, education and mining."

To see Chart 1. Change in Total Nonfarm Private Employment, please click here:http://media.marketwire.com/attachments/201611/MOD-99898_Image1.jpg

To see Chart 2. Historical Trend -- Change in Total Nonfarm Private Employment, please click here:http://media.marketwire.com/attachments/201611/MOD-99899_Image2.jpg

To see Chart 3. Change in Nonfarm Private Employment by Selected Industry, please click here:http://media.marketwire.com/attachments/201611/MOD-99900_Image3.jpg

To see Chart 4. Change in Nonfarm Private Employment by Company Size, please click here:http://media.marketwire.com/attachments/201611/MOD-99901_Image4.jpg

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 September total of jobs added was revised up from 154,000 to 202,000.

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 November 2016 ADP National Employment Report will be released at 8:15 a.m. ET on November 30, 2016.

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