UPDATE: ADP Employment Change (Dec) 153K vs 175K Expected

• ADP Employment Change (Dec) 153K vs 175K Expected

Private sector employment increased by 153,000 jobs from November to December according to the December 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.

December 2016 Report Highlights*

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

Total U.S. Nonfarm Private Employment: 153,000

By Company Size

• Small businesses: 18,000
  • 1-19 employees -3,000
  • 20-49 employees 21,000
• Medium businesses: 71,000
  • 50-499 employees 71,000
• Large businesses: 63,000
  • 500-999 employees 8,000
  • 1,000+ employees 56,000

By Sector

• Goods-producing: -16,000
  • Natural resources/mining -5,000
  • Construction -2,000
  • Manufacturing -9,000
• Service-providing: 169,000
  • Trade/transportation/utilities 82,000
  • Information -6,000
  • Financial activities 10,000
  • Professional/business services 24,000
    • Professional/technical services 18,000
    • Management of companies/enterprises 2,000
    • Administrative/support services 3,000
  • Education/health services 29,000
    • Health care/social assistance 26,000
    • Education 2,000
  • Leisure/hospitality 18,000
  • Other services 11,000

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

• Franchise Employment**
  • Franchise jobs 23,300

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

"As we exit 2016, it's interesting to note that the private sector generated an average of 174,000 jobs per month, down from 209,000 in 2015," said Ahu Yildirmaz, vice president and head of the ADP Research Institute. "And while job gains in December were slightly below our monthly average, the U.S. labor market has experienced unprecedented seven years of growth that has brought us to near full employment. As we enter 2017, the tightening labor market will likely slow the growth."

Mark Zandi, chief economist of Moody's Analytics, said, "Job growth remains strong but is slowing. The gap between employment growth in the service economy and losses on the goods side persists. Smaller companies are struggling to maintain payrolls while large companies are expanding at a healthy pace."

To see Chart 1. Change in Total Nonfarm Private Employment, please click here: http://media.marketwire.com/attachments/201701/MOD-100882_Chart1.jpg

To see Chart 2. Historical Trend -- Change in Total Nonfarm Private Employment, please click here: http://media.marketwire.com/attachments/201701/MOD-100883_Chart2.jpg

To see Chart 3. Change in Nonfarm Private Employment by Selected Industry, please click here: http://media.marketwire.com/attachments/201701/MOD-100884_Chart3.jpg

To see Chart 4. Change in Nonfarm Private Employment by Company Size, please click here: http://media.marketwire.com/attachments/201701/MOD-100885_Chart4.jpg

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 November total of jobs added was revised down from 216,000 to 215,000.

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 January 2017 ADP National Employment Report will be released at 8:15 a.m. ET on February 1, 2017.

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