ADP Report Shows U.S. Employment Declined by 40,000 Private Sector Jobs in December
Private sector employment declined by 40,000 in December, according to the most recent ADP National Employment Report(SM). 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.
"Total nonfarm private employment declined 40,000 from November to December on a seasonally adjusted basis, according to the ADP National Employment Report," said Joel Prakken, Chairman of Macroeconomic Advisers, LLC. "These findings suggest an abrupt slowing of employment, following three months during which, according to the ADP National Employment Report, gains in private nonfarm employment averaged 121,000 per month."
About the ADP National Employment Report(SM)
The ADP National Employment Report, sponsored by ADP, was developed and is maintained by Macroeconomic Advisers, LLC. It is a measure of employment based on a large, statistically significant, anonymous subset of ADP payroll data that represents employees working in all 19 of the major North American Industrial Classification (NAICS) private industrial sectors. The data is collected for pay periods that 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 (the BLS) to compute employment from its monthly survey of establishments.
Providing real-time information about employment in the United States, the ADP National Employment Report is an additional assessment of American business and economic conditions. Findings are represented as both a monthly employment level number and a change in monthly employment level number. Employment level represents the total number of private sector jobs present in the U.S. economy at a single point in time. Change in monthly employment level represents the increase or decrease in the total nonfarm private employment level since the prior month.
"Beginning in early 2007, the Report will be based on a significantly larger sample size and provide insight into employment in Goods-producing and Service-providing industry sectors," said Victor Saliterman, ADP Senior Vice President, Marketing.
To obtain additional information about the ADP National Employment Report visit www.ADPemploymentreport.com.