ADP: November strongest month for job growth in 2013
December 4, 2013
Filed under News
ROSELAND, N.J. – December 4, 2013 – Private sector employment increased by 215,000 jobs from October to November, according to the November ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP®, a leading global provider of Human Capital Management (HCM) solutions, 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.
Service-providing industries added 176,000 jobs in November, up from 156,000 in October. This was the largest gain in the service sector in a year. Among the service industries reported by the ADP National Employment Report, trade/transportation/utilities added the most jobs with 45,000 over the month. Professional/business services employment rose by 38,000, while financial activities added 5,000 jobs.
“According to ADP National Employment Report findings, the U.S. private sector added 215,000 jobs during November making it the strongest month for job growth in 2013,” said Carlos Rodriguez, president and chief executive officer of ADP. “It’s an encouraging sign as we head toward the new year.”
Mark Zandi, chief economist of Moody’s Analytics, said, “The job market remained surprisingly resilient to the government shutdown and brinkmanship over the treasury debt limit. Employers across all industries and company sizes looked through the political battle in Washington. If anything, job growth appears to be picking up.”
Businesses with 49 or fewer employees added 102,000 jobs in November, while employment levels among medium-sized companies with 50-499 employees rose by 48,000 and employment at large companies – those with 500 or more employees – increased by 65,000.
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.