ADP National Employment Report: Private Sector Employment Decreased by 20,236,000 Jobs in April

[mahatmakanejeeves]

Source: ADP; Automatic Data Processing

ADP National Employment Report: Private Sector Employment Decreased by 20,236,000 Jobs in April; the April NER Utilizes Data Through April 12 and Does Not Reflect the Full Impact of COVID-19 on the Overall Employment Situation

ROSELAND, N.J. - May 6, 2020 - Private sector employment decreased by 20,236,000 jobs from March to April according to the April ADP National Employment Report. The report utilizes data through the 12th of the month. The NER uses the same time period the Bureau of Labor and Statistics uses for their survey. As such, the April NER does not reflect the full impact of COVID-19 on the overall employment situation.

Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute in collaboration with Moody's Analytics. The report, which is derived from ADP's actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.



Read more: https://adpemploymentreport.com/2020/April/NER/docs/ADP-NATIONAL-EMPLOYMENT-REPORT-April2020-Final-Press-Release.pdf

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Look at the chart "Change in Total Nonfarm Private Employment." 2009 barely registers. In the chart "Change in Nonfarm Private Employment," the bar for April 2020 is literally off the chart.

Private-sector employment decreased by 20,236,000 from March to April, on a seasonally adjusted basis.

https://adpemploymentreport.com/2020/April/NER/NER-April-2020.aspx

Natural Resources & Mining
-78,000

Construction
-2,477,000

Manufacturing
-1,674,000

Service-providing Sector
-16,007,000

Trade, Transportation & Utilities
-3,440,000

Information
-309,000

Financial Activities
-216,000

Professional & Business
-1,167,000

Education & Health
-971,000

Leisure & Hospitality
-8,607,000

Other Services
-1,298,000

-- -- -- -- --



-- -- -- -- --

Total Employment
Change in Nonfarm Private Employment



Historical Trend
Change in Total Nonfarm Private Employment



Change By Company Size
Change in Total Nonfarm Private Employment by Company Size

[machoneman]

1. To be expected, but still....wow!

[beachbumbob]

2. amny of these jobs will simply vanish as employers look at way to incorporate more automation and

robotics. The COVID-19 debacle is a wake up call for what is coming down the road with climate change and we will see the same deniers in full force then and as we see now. The big difference? "Survival" is at stake.

[Newest Reality]

5. +1000

[beachbumbob]

6. Unless the democrats propose sweeping overhaul to tax code AND

address automation/robotic issues we are quickly heading to a 3rd world status with social upheavals and violence. Many on the otherside's wet dream.

[Newest Reality]

8. I agree fully...

I have read a lot about the 4th Industrial Revolution and it is just getting started in that sense. It is just not obvious yet, but you can see it at Amazon and other companies now.

They try to placate people by making comparisons with previous industrial revolutions in the sense that more, "new" jobs will be generated. That does not look like it will happen this time to any significant degree. The threat to jobs may also be across the spectrum from labor to white collar.

I think Yang was really on that and his reasoning was sound because he was a aware of the facts and implications.

[DownriverDem]

3. Dealership where my husband works.

My husband works in a dealership collision department. They are on 100% commission, They were getting state and fed unemployment. They were called back and promised $500 per week. So many are bummed since they are losing $400 per week by coming back.

[BumRushDaShow]

4. Good morning!

It will interesting to see what happens Friday.

[greenjar_01]

7. Good God

[dalton99a]

9. More to come

[Yavin4]

10. No one fails as spectacularly as Trump.

He's in the Failures Hall of Fame.

[DSandra]

13. Bush: 3000 deaths in Sept 11th, 4400 American deaths in Iraq war...

1400+ deaths from Hurricane Katrina, financial market crisis leading to 10% unemployment...

Trump: “Hold my beer...”

[bucolic_frolic]

11. Global recession "levels not seen since the 1940s"

Link to tweet

/photo/1

The pandemic and the ineffectual U.S. response is most like a wartime economy, and people are dying. But on the bright side, we're not blowing up trillions in munitions in a shooting war that creates scarcity. But we are feeding capital into an economy whose output is shrinking. Anyone who thinks they have a plan to mop this up is crazy.

[h2ebits]

12. Of the 20M, the service-providing sector makes up 16M

Those are not jobs that will be replaced with automation. We are looking at a massive problem of failure in restaurants etc. that will never be able to reopen again. Many service sector jobs will simply be gone.