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Analysis of April's ReportPrint the PDF Version of the ADP Report "Total nonfarm private employment grew 178,000 from March to April on a seasonally adjusted basis, according to the ADP National Employment ReportTM," said Joel Prakken, Chairman of Macroeconomic Advisers, LLC. "Over the four months ending in April, growth in the ADP National Employment Report has averaged roughly 200,000, consistent with an economy growing robustly in the fifth year of the current expansion."
About ADP's National Employment Report® The ADP National Employment Report, sponsored by ADP®, was developed and is maintained by Macroeconomic Advisers, LLC. It is a measure of employment based on an anonymous subset of ADP payroll data covering approximately 225,000 establishments and 14 million employees working in all 19 of the major North American Industrial Classification (NAICS) private industrial sectors. The data is collected for pay periods that include the week of the 12th of each month, and processed with statistical methodologies similar to those used by the U.S. Bureau of Labor Statistics (the BLS) to compute employment from its monthly survey of establishments.
For the period January 2001 - December 2005, the simple correlation between the
monthly percent change in the ADP National Employment Report
and the monthly percent change in nonfarm private establishment employment is roughly
0.90. Empirical analysis performed by Macroeconomic Advisers suggests that
the ADP National Employment Report is a better advance
indicator of the monthly change in establishment employment than available consensus
forecasts, and that it anticipates revisions to the BLS measure.
Media contacts: ADP Public Relations: 973-974-7612 Click to view this month's press releases |
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