April Private Sector Employment Tops Expectations

(Updated - May 2, 2018 8:16 AM EDT)

ADP Employment Change (Apr) 204K vs 198K Expected

Private sector employment increased by 204,000 jobs from March to April according to the April 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.

April 2018 Report Highlights*

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

Total U.S. Nonfarm Private Employment: 204,000

By Company Size

• Small businesses: 62,000
  • 1-19 employees 31,000
  • 20-49 employees 31,000

• Medium businesses: 88,000
  • 50-499 employees 88,000

• Large businesses: 54,000
  • 500-999 employees 12,000
  • 1,000+ employees 42,000

By Sector

• Goods-producing: 44,000
  • Natural resources/mining 7,000
  • Construction 27,000
  • Manufacturing 10,000

• Service-providing: 160,000
  • Trade/transportation/utilities 14,000
  • Information -2,000
  • Financial activities 7,000
  • Professional/business services 58,000
    • Professional/technical services 34,000
    • Management of companies/enterprises 5,000
    • Administrative/support services 20,000
  • Education/health services 39,000
    • Health care/social assistance 35,000
    • Education 4,000
  • Leisure/hospitality 36,000
  • Other services 8,000

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

• Franchise Employment**
  • Franchise jobs -10,600

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

"The labor market continues to maintain a steady pace of strong job growth with little sign of a slowdown," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. "However, as the labor pool tightens it will become increasingly difficult for employers to find skilled talent. Job gains in the high-skilled professional and business services industry accounted for more than half of all jobs added this month. The construction industry, which also relies on skilled labor, continued its six month trend of steady job gains as well."

Mark Zandi, chief economist of Moody's Analytics, said, "Despite rising trade tensions, more volatile financial markets, and poor weather, businesses are adding a robust more than 200,000 jobs per month. At this pace, unemployment will soon be in the threes, which is rarified and risky territory, as the economy threatens to overheat."

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 March total of jobs added was revised down from 241,000 to 228,000.

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 May 2018 ADP National Employment Report will be released at 8:15 a.m. ET on May 30, 2018.

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