ROSELAND, N.J., Oct. 5, 2022 /PRNewswire/ -- Private sector employment increased by 208,000 jobs in September and annual pay was up 7.8% year-over-year, according to the September 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.
"We are continuing to see steady job gains," said Nela Richardson, chief economist, ADP. "While job stayers saw a pay increase, annual pay growth for job changers in September is down from August."
September 2022 Report Highlights*
View the ADP National Employment Report and interactive charts at www.adpemploymentreport.com.
Job growth picked up in September
Businesses created 208,000 jobs in September, up from a revised 185,000 in August, as schools reopened and pandemic concerns receded. But while job growth is stable, it remains below the recent three-month average.
Change in U.S. Private Employment: 208,000
Change by Industry Sector
- Goods-producing: -29,000
Natural resources/mining -16,000
- Service-providing: 237,000
Financial activities -16,000
Professional/business services 57,000
Education/health services 38,000
Other services -1,000
Change by U.S. Regions
- Northeast: 39,000
New England -11,000
Middle Atlantic 50,000
- Midwest: 25,000
East North Central 27,000
West North Central -2,000
- South: 89,000
South Atlantic 57,000
East South Central 7,000
West South Central 25,000
- West: 55,000
Change by Establishment Size
- Small establishments: 58,000
1-19 employees 45,000
20-49 employees 13,000
- Medium establishments: 90,000
50-249 employees 61,000
250-499 employees 29,000
- Large establishments: 60,000
500+ employees 60,000
Job changers lost momentum in September
Job changers, who have been notching double-digit, year-over-year gains since the summer of 2021, lost momentum in September. Their annual pay rose 15.7 percent, down from a revised 16.2 percent gain in August. It's the biggest deceleration in the three-year history of our data. For job stayers, annual pay rose 7.8 percent in September from a year ago, up from a revised 7.7 percent in August.
Median Change in Annual Pay (ADP matched person sample)
- Job-Stayers 7.8%
- Job-Changers 15.7%
Median Change in Annual Pay for Job-Stayers by Industry Sector
Natural resources/mining 8.0%
Financial activities 7.7%
Professional/business services 6.9%
Education/health services 7.2%
Other services 6.9%
Median Change in Annual Pay for Job-Stayers by Firm Size
- Small firms:
1-19 employees 5.6%
20-49 employees 7.4%
- Medium firms:
50-249 employees 8.1%
250-499 employees 8.0%
- Large firms:
500+ employees 8.5%
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 historical data file, and weekly data for the previous month, is available at https://adpemploymentreport.com/.
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 October 2022 ADP National Employment Report will be released at 8:15 a.m. ET on November 2, 2022.
About the ADP® National Employment Report™
The ADP National Employment Report is an independent estimate of the change in U.S. private employment and pay derived from actual, anonymized payroll data of client companies served by ADP, a leading provider of human capital management solutions. The report is produced by ADP Research Institute in collaboration with the Stanford Digital Economy Lab.
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®
The ADP Research Institute delivers data-driven discoveries about the world of work and derives reliable economic indicators from these insights. We offer these findings as a unique contribution to making the world of work better and more productive by delivering actionable insights to the economy at large.
About ADP (NASDAQ – ADP)
Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people. Learn more at ADP.com
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SOURCE ADP, Inc.