US : The ADP National Employment Report

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The ADP National Employment Report

October, 2008

Nonfarm private employment decreased 157,000 from September to October 2008 on a seasonally adjusted basis, according to the ADP National Employment Report®. The estimated change in employment from August to September was revised down from a decrease of 8,000 to a decrease of 26,000.

October’s ADP National Employment Report offers evidence of a labor market that continues to weaken. Note that this month, the ADP Report does not reflect the strike of some 27,000 machinists in the aerospace industry during September and October.

Complete ADP National Employment Report

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The ADP National Employment Report® is a measure of nonfarm private employment, based on a subset of aggregated and anonymous payroll data that represents approximately 399,000 of ADP's 500,000 U.S. business clients and roughly 24 million employees working in all 19 of the major North American Industrial Classification (NAICS) private industrial sectors. The ADP National Employment Report was developed to help meet the need for additional timely and accurate estimates of short-term movements in the national labor market among economists, financial professionals, and government policy-makers. Because ADP pays 1-in-6 private sector employees in the United States every pay period across a broad range of industries, firm sizes, and geographies, it has a unique and significant perspective on the U.S. labor market.