Private sector employment increased by 571,000 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 data of those who are on a company’s payroll, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.
“The labor market showed renewed momentum last month, with a jump from the third quarter average of 385,000 monthly jobs added, marking nearly 5 million job gains this year,” said Nela Richardson, chief economist, ADP. “Service sector providers led the increase and the goods sector gains were broad based, reporting the strongest reading of the year. Large companies fueled the stronger recovery in October, marking the second straight month of impressive growth.”
Mark Zandi, chief economist of Moody’s Analytics, said, “The job market is revving back up as the Delta-wave of the pandemic winds down. Job gains are accelerating across all industries, and especially among large companies. As long as the pandemic remains contained, more big job gains are likely in coming months.”
The matched sample used to develop the ADP National Employment Report was derived from ADP payroll data, which represents 460,000 U.S. clients employing nearly 26 million workers in the U.S. The September total of jobs added was revised from 568,000 to 523,000.
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 adpemploymentreport.com.
The November 2021 ADP National Employment Report will be released at 8:15 a.m. ET on December 1, 2021.
Total U.S. Nonfarm Private Employment: 571,000
By Company Size
– Small businesses: 115,000
- 1-19 employees 56,000
- 20-49 employees 60,000
– Medium businesses: 114,000
- 50-499 employees 114,000
– Large businesses: 342,000
- 500-999 employees 37,000
- 1,000+ employees 305,000
By Sector
– Goods-producing: 113,000
- Natural resources/mining 6,000
- Construction 54,000
- Manufacturing 53,000
– Service-providing: 458,000
- Trade/transportation/utilities 78,000
- Information 14,000
- Financial activities 15,000
- Professional/business services 88,000
– Professional/technical services 54,000
– Management of companies/enterprises 4,000
– Administrative/support services 29,000 - Education/health services 56,000
– Health care/social assistance 47,000
– Education 10,000 - Leisure/hospitality 185,000
- Other services 22,000
* Sum of components may not equal total, due to rounding.
– Franchise Employment**
- Franchise jobs 55,300
**Complete details on franchise employment can be found here.
