what is adp report

what is adp report

1 year ago 71
Nature

The ADP National Employment Report is a monthly report of economic data that tracks the level of nonfarm private employment in the U.S. . It 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 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 ADP National Employment Report is viewed as a useful preview to the more detailed Bureau of Labor Statistics employment situation report. The ADP report is considered a preliminary look at employment data before the federal government releases a more detailed report. The ADP National Employment Report is an independent measure and high-frequency view of the private-sector labor market based on actual, anonymized payroll data of more than 25 million U.S. employees.

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