Nov ADP

ADP NATIONAL EMPLOYMENT REPORT SHOWS U.S.
EMPLOYMENT DECREASED BY 250,000 PRIVATE SECTOR JOBS IN
NOVEMBER
Largest decrease in private sector employment since November of 2002
private sector employment decreased by 250,000 in November.
The ADP National Employment Report, created by ADP® Employer Services, a division
of Automatic Data Processing, Inc. (ADP), is based on actual payroll data and measures the change in total nonfarm private
employment each month.
Nonfarm Private Employment Highlights – November Report:
• Total employment: -250,000
• Small businesses* -79,000
• Medium businesses** -130,000
• Large businesses*** -41,000
• Goods-producing sector: -158,000
• Service-providing sector: -92,000
Addendum:
• Manufacturing industry: -118,000
* 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
According to Joel Prakken, Chairman of Macroeconomic Advisers, LLC, “Nonfarm
private employment decreased 250,000 from October to November 2008 on a seasonally
adjusted basis, according to the ADP National Employment Report®. The estimated
change in employment from September to October was revised down from a decrease of
157,000 to a decrease of 179,000. November’s ADP National Employment Report offers
evidence of a labor market that continues to weaken. Note that the November ADP
Report does not reflect the strike of some 27,000 machinists who returned to work
following the resolution in late October of a strike in the aerospace industry.”
Prakken added, “This month’s employment loss was again driven by the goods-producing
sector which declined 158,000 during November, its twenty-fourth consecutive monthly
decline. The manufacturing sector marked its twenty-seventh consecutive monthly
decline, losing 118,000 jobs. These losses were compounded by an employment decline
in the service-providing sector of the economy which fell by 92,000, the second monthly
loss in the service-providing sector recorded by the ADP Report since November of
2002.”
“Large businesses, defined as those with 500 or more workers, saw employment decline
41,000, while medium-size companies with between 50 and 499 workers declined
130,000. Employment among small-size businesses, defined as those with fewer than 50
workers, declined 79,000. This is the second consecutive monthly decline in small
business employment reported by the ADP Report since November of 2002. Falling
employment at medium and small firms clearly indicates that the recession has now
spread well beyond manufacturing and housing-related activities,” said Prakken.
Prakken went on to say, “In November, construction employment dropped 44,000. This
was its twenty-fourth consecutive monthly decline, and brings the total decline in
construction jobs since the peak in August of 2006 to 521,000.”
Source: Automatic Data Processing, Inc., Macroeconomic Advisers, LLC
Small Business Highlights – November Report:
Due to the important contribution small businesses make to economic growth,
employment data that is specific to businesses with fewer than 50 employees will be
reported in the ADP Small Business Report® each month. The ADP Small Business
Report is a subset of the ADP National Employment Report.
• Total small business employment: -79,000
• Goods-producing sector: -47,000 small business jobs
• Service-providing sector: -32,000 small business jobs
Private employment among small businesses decreased by 79,000 in November,
according to the ADP Small Business Report released today. Additional information
about small business employment, including charts on monthly job growth and
employment levels, along with historical data, is available at
http://www.smallbusinessreport.adp.com.
“Employment among small-size businesses, defined as those with fewer than 50 workers,
declined 79,000. This is the second consecutive monthly decline in small business
employment reported by the ADP Report since November of 2002. Until recently, these
small businesses were impacted less than larger ones, but today’s employment decline
clearly indicates that the recession has now widened to include businesses of all sizes,”
said Joel Prakken.