Items include
ADP Employment
Economic Indicators
Feb 1, 2023
Bottom Line: ADP reported a notable slowdown in the pace of hiring in January with payrolls rising 106k, well below consensus estimates looking for 180k. There were modest upward revisions to prior months, but not enough to offset the surprise...
Jan 5, 2023
Bottom Line: ADP reported stronger than expected job gains in December. Hiring in professional and business services rose sharply following several months of declines, according to the private payroll services provider. There were also upward revisions to previously reported data,...
Nov 30, 2022
Bottom Line: ADP reported weaker-than-expected job gains in November. Leisure and hospitality jobs rose sharply for the second month, but a host of sectors saw losses. Manufacturing jobs fell by 100k, a huge decline for that sector, as ADP's payrolls...
Nov 2, 2022
Bottom Line: ADP reported stronger-than-expected job growth in October as leisure and hospitality hiring rebounded sharply. However, outside of that large segment, most sectors saw job losses. Job growth was still robust in trade, transportation and utilities, but the pace...
Oct 5, 2022
Bottom Line: ADP reported continued job gains in September, mostly as expected, and the payroll company revised August's gains higher. Looking through the normal monthly volatile and some difficult seasonal adjustments in August and September, we see a slower trend...
Jun 2, 2022
Bottom Line: ADP reported slower job gains than expected in May. And April gains were revised modestly lower. Construction jobs were notably lower as housing activity slowed. And the gains in the leisure and hospitality sector slowed. On a trend...
May 4, 2022
Bottom Line: ADP reported slower job gains than expected in April of 247k, well below the consensus expectation of 383k. That said, there there were positive revisions to prior data, with February revised up from +486 to +601 and March...