Economic Indicator: ADP Employment Report

What is the ADP Employment Report?

ADP issues monthly employment reports. ADP is a private company that provides payroll software and other services to private and public companies. In addition to payroll processing, their software tracks salaries, employment hours, human resource statistics such as vacation, sick days, hirings, firings and unemployment declarations. Their insight to small, mid-size and large company employment trends is tremendously valuable to economists and market watchers. Moody’s Analytics and the ADP Research Institute analysts issue various reports in various employment categories including national, regional, franchise, and small business.