Private Sector Employment Increases 125,000 Jobs in Oct.

(Updated - October 30, 2019 8:16 AM EDT)

• ADP Employment Change (Oct) 125K vs 110K Expected

Private sector employment increased by 125,000 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.

October 2019 Report Highlights*

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

Total U.S. Nonfarm Private Employment: 125,000

By Company Size

- Small businesses: 17,000

• 1-19 employees -12,000
• 20-49 employees 30,000

- Medium businesses: 64,000

• 50-499 employees 64,000

- Large businesses: 44,000

• 500-999 employees 10,000
• 1,000+ employees 33,000

By Sector

- Goods-producing: -13,000

• Natural resources/mining -4,000
• Construction -4,000
• Manufacturing -4,000

- Service-providing: 138,000

• Trade/transportation/utilities 32,000
• Information 3,000
• Financial activities 17,000
• Professional/business services 18,000 - Professional/technical services 11,000 - Management of companies/enterprises 4,000 - Administrative/support services 3,000
• Education/health services 41,000 - Health care/social assistance 35,000 - Education 5,000
• Leisure/hospitality 19,000
• Other services 9,000

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

- Franchise Employment**

• Franchise jobs 30,100

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

"While job growth continues to soften, there are certain segments of the labor market that remain strong," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. "The goods producing sector showed weakness; however, the healthcare industry and midsized companies had solid gains."

Mark Zandi, chief economist of Moody's Analytics, said, "Job growth has throttled way back over the past year. The job slowdown is most pronounced at manufacturers and small companies. If hiring weakens any further, unemployment will begin to rise."

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 down from 135,000 to 93,000.

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 2019 ADP National Employment Report will be released at 8:15 a.m. ET on December 4, 2019.

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