Jeff Altman, Big Game Hunter
The ADP National Employment Report in May 20025 shows Private sector employment adds 37,000 jobsand Annual wages increased by 4.5% year-on-year. The report, based on actual anonymous wage data from 25 million U.S. employees, is an independent high-frequency measure of the private sector labor market.
Job Market Overview: According to Dr. Nela Richardson, chief economist at ADP, Recruitment is losing momentum after a strong startwith the hiring speed in May reaching its lowest level since March 2023. Still, pay growth is strong for job seekers and job-changing people.
Department, region and scale work statistics:
Changes in the industry sector:
- Overall private employment changes: 37,000
- Production goods sector drops by 2,000 jobsspecific changes, including:
- Natural Resources/Mining: -5,000 jobs
- put up: +6,000 jobs
- manufacturing: -3,000 jobs
- Services provide the department adds 36,000 jobsspecific changes, including:
- Trade/Transportation/Utilities: -4,000 jobs
- information: +8,000 jobs
- Financial Activities: +20,000 jobs
- Professional/Business Services: -17,000 jobs
- Education/Health Services: -13,000 jobs
- Casual/Courtesy: +38,000 jobs
- Other services: +4,000 jobs
Changes in the United States:
- Northeast: -19,000 jobs
- New England: -16,000 jobs
- Mid-Atlantic: -3,000 jobs
- Midwest: +20,000 jobs
- Central Northeast: +23,000 jobs
- Northwest Central: -3,000 jobs
- South: -5,000 jobs
- South Atlantic Ocean: +20,000 jobs
- Central Southeast: +19,000 jobs
- Southwest Central: -44,000 jobs
- West: +37,000 jobs
- Mountain: +35,000 jobs
- Pacific: +2,000 jobs
Change by establishing scale:
- Small organization (1-49 employees): -13,000 jobs
- 1-19 employees: -6,000 jobs
- 20-49 employees: -7,000 jobs
- Medium-sized organizations (50-499 employees): +49,000 jobs
- 50-249 employees: +51,000 jobs
- 250-499 Employees: -2,000 jobs
- Large organization (more than 500 employees): -3,000 jobs
Payment Insights:
- Job seekers’ year-on-year growth rate is 4.5%this has hardly changed.
- Paying for job seekers increased by 7%with the April revised figures.
Median annual salary changes in industry sectors:
- Production:
- Natural Resources/Mining: 4.5%
- Construction: 4.6%
- Manufacturing: 4.6%
- Services provided:
- Trade/Transportation/Utilities: 4.2%
- Information: 4.2%
- Financial activity: 5.2%
- Professional/Business Services: 4.2%
- Education/Health Services: 4.6%
- Casual/Courtesy: 4.8%
- Other services: 4.3%
Changes in the median annual salary of employees recruited by company size:
- Small company:
- 1-19 employees: 2.6%
- 20-49 employees: 4.1%
- Medium-sized companies:
- 50-249 employees: 4.8%
- 250-499 Employees: 4.9%
- Large companies:
