Global| Oct 03 2018PUT NEW TT U.S. ADP Private Payroll Increase Moderates
Summary
The ADP/Moody's National Employment Report indicated that private nonfarm payrolls increased 163,000 during August (1.8% y/y) following a 217,000 July gain........... The ADP National Employment Report data can be found in Haver's [...]
The ADP/Moody's National Employment Report indicated that private nonfarm payrolls increased 163,000 during August (1.8% y/y) following a 217,000 July gain...........
The ADP National Employment Report data can be found in Haver's USECON database; historical figures date back to April 2001 for the total and industry breakdown, and back to January 2005 for the business size breakout. The expectation figure is available in Haver's AS1REPNA database
| ADP/Moody's National Employment Report | Sep | Aug | Jul | Sep Y/Y | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|
| Nonfarm Private Payroll Employment (m/m chg, 000s) | 178 | 163 | 217 | 1.8% | 1.8% | 1.9% | 2.3% |
| Small Payroll (1-49) | 33 | 21 | 59 | 1.0 | 1.3 | 1.9 | 1.9 |
| Medium Payroll (50-499) | 82 | 111 | 116 | 2.4 | 1.9 | 1.5 | 2.3 |
| Large Payroll (>500) | 63 | 31 | 42 | 2.5 | 2.3 | 2.7 | 3.0 |
| Goods-Producing | 27 | 24 | 41 | 2.4 | 1.5 | 0.8 | 2.0 |
| Construction | 10 | 5 | 16 | 3.0 | 3.1 | 4.3 | 5.3 |
| Manufacturing | 13 | 19 | 22 | 1.8 | 0.7 | 0.2 | 1.2 |
| Service-Producing | 151 | 139 | 177 | 1.7 | 1.8 | 2.2 | 2.3 |
Gerald D. Cohen
AuthorMore in Author Profile »Gerald Cohen provides strategic vision and leadership of the translational economic research and policy initiatives at the Kenan Institute of Private Enterprise.
He has worked in both the public and private sectors focusing on the intersection between financial markets and economic fundamentals. He was a Senior Economist at Haver Analytics from January 2019 to February 2021. During the Obama Administration Gerald was Deputy Assistant Secretary for Macroeconomic Analysis at the U.S. Department of Treasury where he helped formulate and evaluate the impact of policy proposals on the U.S. economy. Prior to Treasury, he co-managed a global macro fund at Ziff Brothers Investments.
Gerald holds a bachelor’s of science from the Massachusetts Institute of Technology and a Ph.D. in Economics from Harvard University and is a contributing author to 30-Second Money as well as a co-author of Political Cycles and the Macroeconomy.
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