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The Week Ahead: Could Employment Be on the Rise?

 

shutterstock_193136405On Wednesday, Automatic Data Processing, Inc will release its February 2017 ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report.

Using payroll data and representing nearly 24 million workers, the ADP National Employment report and ADP Small Business report are published by ADP research Institute in collaboration with Moody’s Analytics. Released apart from the National Employment Report, the ADP Small Business report details private sector employment in businesses with less 49 or less employees.

In last month’s report, ADP National Employment rate for January experienced a positive change in U.S. non-farm sector employment of 240,000. The small business report showed an increase of 62,000 in employees, with growth in both major sectors. The goods-producing sector gained 46,000 jobs in January, and the service-providing sector gained 201,000 jobs. In the service-providing sector, only information-related positions saw loss, with a decline of 6,000 jobs.

The Small Business Report from January additionally saw growth, as small business employment grew by 62,000 jobs. Very small businesses, as in businesses with 19 employees or less, gained 30,000 jobs alone. The goods-producing sector of small businesses gained 12,000 jobs, while the service-providing small business sector gained 50,000 jobs, half of which were in very small businesses.

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