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ADP National Employment Report: Private Sector Employment Increased by 106,000 Jobs in January; Annual Pay was Up 7.3%ROSELAND, N.J., Feb. 1, 2023 /PRNewswire/ -- Private sector employment increased by 106,000 jobs in January and annual pay was up 7.3 percent year-over-year, according to the January ADP® National Employment Report™ produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab ("Stanford Lab"). The jobs report and pay insights use ADP's fine-grained anonymized and aggregated payroll data of over 25 million U.S. employees to provide a representative picture of the labor market. The report details the current month's total private employment change, and weekly job data from the previous month. ADP's pay measure uniquely captures the earnings of a cohort of almost 10 million employees over a 12-month period. "In January, we saw the impact of weather-related disruptions on employment during our reference week," said Nela Richardson, chief economist, ADP. "Hiring was stronger during other weeks of the month, in line with the strength we saw late last year." January 2023 Report Highlights* View the ADP National Employment Report and interactive charts at www.adpemploymentreport.com. JOBS REPORT Private employers added 106,000 jobs in January Change in U.S. Private Employment: 106,000 Change by Industry Sector - Goods-producing: -3,000
- Service-providing: 109,000
Change by U.S. Regions - Northeast: 42,000
- Midwest: -40,000
- South: 55,000
- West: 27,000
Change by Establishment Size - Small establishments: -75,000
- Medium establishments: 64,000
PAY INSIGHTS Pay growth was flat in January Median Change in Annual Pay (ADP matched person sample) - Job-Stayers 7.3% - Job-Changers 15.4% Median Change in Annual Pay for Job-Stayers by Industry Sector - Goods-producing:
- Service-providing:
Median Change in Annual Pay for Job-Stayers by Firm Size - Small firms:
- Medium firms:
- Large firms:
To see Pay Insights by U.S. State, Gender, and Age for Job-Stayers, visit here: * Sum of components may not equal total, due to rounding. The December total of jobs added was revised from 235,000 to 253,000. The historical data file, and weekly data for the previous month, is available at https://adpemploymentreport.com/. January's report presents the scheduled annual revision of the ADP National Employment Report, which updates the data series to be consistent with the annual Quarterly Census of Employment and Wages (QCEW) benchmark data for March 2022. In addition, this revision introduces some methodological changes, namely, in re-weighting of ADP data to match QCEW data, seasonal adjustment of weekly data instead of monthly data, and constructing the national aggregate from industry aggregates. The historical file was updated to reflect these revisions. To subscribe to monthly email alerts or obtain additional information about the ADP National Employment Report, including employment and pay data, interactive charts, methodology, and a calendar of release dates, please visit https://adpemploymentreport.com/. The February 2023 ADP National Employment Report will be released at 8:15 a.m. ET on March 8, 2023. About the ADP® National Employment Report™ The ADP National Employment Report is broadly distributed to the public each month, free of charge, as part of the company's commitment to offering deeper insights of the U.S. labor market and providing businesses and governments with a source of credible and valuable information. About the ADP Research Institute® About ADP (NASDAQ – ADP) ADP, the ADP logo, and Always Designing for People, ADP National Employment Report, and ADP Research Institute are registered trademarks of ADP, Inc. All other marks are the property of their respective owners. Copyright © 2023 ADP, Inc. All rights reserved. ADP-Media
View original content to download multimedia:https://www.prnewswire.com/news-releases/adp-national-employment-report-private-sector-employment-increased-by-106-000-jobs-in-january-annual-pay-was-up-7-3-301736053.html SOURCE ADP, Inc. |