EconoIndicators

ADP Employment Report At a Glance

• Total Nonfarm Private Employment: 116,066,000
• Monthly Change: Up 10,000
• Products Producing Sector: 21,861,000
• Monthly Change: Down 54,000
• Service Producing Sector: 94,205,000
• Monthly Change: Up 64,000

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ADP NATIONAL EMPLOYMENT REPORT SHOWS U.S.
EMPLOYMENT INCREASED BY 10,000 PRIVATE SECTOR JOBS IN APRIL

ADP Report indicates continued weakness in employment

ROSELAND, N.J. – April 30, 2008 – According to today’s ADP National Employment
Report
SM, private sector employment increased by 10,000 in April. 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 – April Report:

• Total employment: +10,000

• Small businesses* +42,000
• Medium businesses** -14,000
• Large businesses*** -18,000

• Goods-producing sector: -54,000

• Service-providing sector: +64,000

Addendum:
• Manufacturing industry: -26,000

* 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

“Though April’s estimate for a small increase in employment is above consensus
forecasts of an outright decline, it nevertheless suggests that a sharp deceleration of
employment continues.”

Prakken added, “Employment in the service-providing sector of the economy grew
64,000, while employment in the goods-producing sector declined 54,000, the
seventeenth consecutive monthly decline. Manufacturing employment fell 26,000 in
April and marked the twentieth consecutive monthly decline.”

“Large businesses, defined as those with 500 or more workers, saw employment decline
18,000, while medium-size companies with between 50 and 499 workers declined by
14,000. Conversely, employment among small-size businesses, defined as those with
fewer than 50 workers, advanced 42,000 during the month,” said Prakken.

Prakken went on to say, “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 April, construction employment fell another
28,000. This is the seventeenth consecutive monthly decline, bringing the total decline in
construction jobs since the peak in August 2006 to 288,000. Employment in the financial
activities sector advanced just 2,000 for the month.”

ADP National Employment Report - April 2008 [PDF]

Source: ADP