There were 20,236,000 jobs lost in April in nonfarm private employment, Automatic Data Processing reported this week. Among sectors, service providing jobs led the decline with 16,007,000 individuals let go.
The numbers were reported in the ADP National Employment Report for April.
Not surprisingly, leisure and hospitality led the decline with a loss of 8,607,000 positions. The second-largest drop came in trade/transportation/utilities which saw 3,440,000 jobs disappear.Job losses by other specific sectors in declining order were construction, 2,477,000; manufacturing, 1,674,000; professional/business services, 1,167,000. There was also a 1,298,000-job decline in “other services”.
In terms of business size, those companies with 1,000 or more employees eliminated 7,621,000 workers; 50 to 499 employees, 5,269,000 jobs; one to 19 employees, 3,361,000 jobs; 20-49 employees, 2,644,000, 500 to 999 employees, 1,342,000.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
Last modified on Thursday, 07 May 2020
