ROSELAND, NJ -- (Marketwired) -- 06/02/16 -- Private sector small business employment increased by 76,000 jobs from April to May according to the March ADP Small Business Report®. Due to the important contribution that small businesses make to economic growth, employment data that is specific to businesses with 49 or fewer employees is reported each month and broadly distributed to the public, free of charge. The ADP Small Business Report is produced by ADP® in collaboration with Moody's Analytics.
May 2016 Small Business Report Highlights*
Total Small Business Employment: 76,000
1-19 employees 38,000
20-49 employees 38,000
By sector for 1-49 employees:
Goods producing 1,000
Service providing 75,000
By sector for 1-19 employees:
Goods producing 0
Service providing 38,000
By sector for 20-49 employees:
Goods producing 1,000
Service providing 37,000
* Sum of components may not equal total, due to rounding.
Additional information about small business employment, including charts on monthly job growth and employment levels along with historical data, is available at www.adpemploymentreport.com
The June 2016ADP Small Business Report will be released at 8:15 a.m. ET on July 7, 2016.
About the ADP Small Business Report®
The ADP Small Business Report® is a monthly estimate of private nonfarm employment among companies in the U.S. with 1-49 employees and is a subset of the ADP National Employment Report®. The data for this report is collected for pay periods that can be interpolated to include the week of the 12th of each month, and processed with statistical methodologies similar to those used by the U.S. Bureau of Labor Statistics to compute employment from its monthly survey of establishments. Due to this processing, this subset is modified to make it indicative of national employment levels; therefore, the resulting employment changes computed for the ADP National Employment Report are not representative of changes in ADP's total base of U.S. business clients.
About ADP (NASDAQ: ADP)
Powerful technology plus a human touch. Companies of all types and sizes around the world rely on ADP's cloud software and expert insights to help unlock the potential of their people. HR. Talent. Benefits. Payroll. Compliance. Working together to build a better workforce. For more information, visit ADP.com.