Private Sector Employment Declined by 20M Jobs in April
Roseland, NJ, 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.
Small business lost 6,005,000 jobs; medium businesses lost 5,269,000 jobs; large businesses lost 8,963,000 jobs.
The goods-producing sector lost 4,229,000 positions, while the service-providing sector lost 16,007,000.
Franchise employment fell by 1,082,200.