EconoIndicators

ADP Employment Report At a Glance

• Total Nonfarm Private Employment: 115,645,000
• Monthly Change: Up 58,000
• Products Producing Sector: 22,167,000
• Monthly Change: Down 39,000
• Service Producing Sector: 93,478,000
• Monthly Change: Up 97,000

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ADP NATIONAL EMPLOYMENT REPORT SHOWS UNITED STATES ADDED
58,000 PRIVATE SECTOR JOBS IN SEPTEMBER
ROSELAND, New Jersey – October 3, 2007 – According to today’s ADP National
Employment ReportSM, private sector employment increased by 58,000 in September.
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.
Nonfarm Private Employment Highlights – September Report:
• Total employment: +58,000
• Small businesses* +53,000
• Medium businesses** +31,000
• Large businesses*** -26,000
• Goods-producing sector: -39,000
• Service-providing sector: +97,000
Addendum:
• Manufacturing industry: -22,000
* Small businesses represent payrolls with 1-49 employees
** Medium businesses represent payrolls with 50-499 employees
*** Large businesses represent payrolls with more than 499 employees
“Nonfarm private employment grew 58,000 from August to September 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 was the third consecutive weak reading and confirms the recent
deceleration of employment.”
Prakken added, “In September, employment in the service-providing sector of the
economy grew a moderate 97,000, while employment in the goods-producing sector
declined 39,000. This marks the tenth consecutive monthly decline in the goodsproducing
sector. Employment in the manufacturing sector declined 22,000.”
“Two sectors of the economy hit hardest by recent problems in mortgage markets have
been residential construction and financial activities related to home sales and mortgage
lending. In September, employment in the construction sector fell 20,000, the twelfth
decline in thirteen months, bringing the cumulative decline since August of 2006 to
157,000. In addition, employment in the financial activities sector dropped 7,000 in
September, the second consecutive monthly decline after nearly six years of
uninterrupted growth.”
“Small- and medium-size businesses more than accounted for the increase in total
employment in September, with employment among these businesses advancing by
84,000. In contrast, employment among large businesses fell by 26,000 in September, the
fourth consecutive monthly decline. The gains in employment at small- and medium-size
businesses were concentrated in the service-providing sector of the economy, which
showed a gain of 109,000. However, employment among these same-size businesses in
the goods-producing sector fell 25,000,” said Prakken.

ADP Employment Report September 2007 [PDF]

Source: Automatic Data Processing