Nonfarm private employment decreased 254,000 from August to September 2009 on a
seasonally adjusted basis, according to the ADP National Employment ReportĀ®. The estimated
change of employment from July to August was revised by 21,000, from a decline of 298,000 to
a decline of 277,000.
Wednesday, September 30, 2009, 8:15 A.M. ET
Nonfarm private employment decreased 254,000 from August to September 2009 on a
seasonally adjusted basis, according to the ADP National Employment Report®. The estimated
change of employment from July to August was revised by 21,000, from a decline of 298,000 to
a decline of 277,000.
September’s employment decline was the smallest since July of 2008 and employment losses
have diminished significantly over the last two quarters. Nevertheless, employment, which
usually trails overall economic activity, is likely to decline for at least several more months, with
losses continuing to diminish.
September’s ADP Report estimates nonfarm private employment in the service-providing sector
fell by 103,000. Employment in the goods-producing sector declined 151,000, with employment
in the manufacturing sector dropping 74,000, about the same as last month.
Large businesses, defined as those with 500 or more workers, saw employment decline by
61,000, while medium-size businesses with between 50 and 499 workers declined 93,000.
Employment among small-size businesses, defined as those with fewer than 50 workers, declined
100,000. Employment losses among small-size businesses have diminished in each of the last
six months.
In September, construction employment dropped 73,000. This was its thirty-second consecutive
monthly decline, and brings the total decline in construction jobs since the peak in January 2007
to 1,632,000. Employment in the financial services sector dropped 19,000, the twenty-second
consecutive monthly decline.
For information on the construction and use of the ADP Report, please visit the methodology
section of the ADP National Employment Report website at
http://ADPemploymentreport.com/methodology.aspx.
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