what is adp employment

what is adp employment

1 year ago 38
Nature

ADP Employment refers to the ADP National Employment Report, which is a monthly report of economic data that tracks the level of nonfarm private employment in the United States. The report is published by Automatic Data Processing (ADP), a company that handles payroll for about a fifth of all privately-employed individuals in the U.S. The ADP National Employment Report is also known as the ADP Jobs Report or the ADP Employment Report. The report is considered a preliminary look at employment data before the federal government releases a more detailed report. The ADP National Employment Report is divided into four separate releases, using figures that are seasonally adjusted. Each report provides information such as a national snapshot showing the change in the number of company payrolls, and also breaks that change down according to business size and sector. The methodology of the ADP National Employment Report is managed by Moody’s Analytics. The report is based on data derived from ADP client payrolls, which provides a richer understanding of the labor market. The ADP Employment report is viewed as a useful preview to the more detailed Bureau of Labor Statistics employment situation report.

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