ROSELAND, N.J. ,
May 25,
2022 /PRNewswire/ --
WHAT:
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ADP Research
Institute® will release the May findings of
the ADP National Employment Report, ADP Small
Business Report and ADP National Franchise
Report on Thursday, June 2, 2022 at 8:15
a.m. ET.
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Due to the important
contribution that small businesses make to economic growth, ADP
Research Institute issues the ADP Small Business
Report independently of the ADP National
Employment Report. The ADP Small Business
Report offers detailed private sector employment data that
are specific to businesses with 49 or fewer employees.
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Broadly distributed to
the public each month, free of charge, the ADP National
Employment Report and ADP Small Business
Report are derived from ADP payroll data representing
460,000 U.S. clients and nearly 26 million workers, and
are published by the ADP Research Institute in
collaboration with Moody's Analytics.
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The ADP National
Franchise Report measures monthly changes in franchise
employment. The matched sample used to develop
the ADP National Franchise Report is derived from
ADP payroll data, which represents 15,000 franchisors and
franchisees employing nearly one million U.S. workers.
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WHEN:
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Thursday, June 2, 2022, 8:15 a.m.
ET
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Conference Call for
Media to follow at 8:30 a.m. ET:
Following the release of the ADP National Employment Report, ADP
Chief Economist, Nela Richardson will provide context on the
employment data and answer questions from media during the
conference call.
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Journalists are invited
to access the call by dialing: 1-800-675-6207
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NOTE: This is an
operator-assisted conference call dial-in number and there is
no passcode required.
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About the ADP National Employment
Report®:
The ADP National Employment Report® is a monthly
measure of the change in total U.S. nonfarm private employment
derived from actual, anonymous payroll data of client companies
served by ADP®, a leading provider of human capital management
solutions. The report, which measures nearly 26 million U.S.
workers, is produced by the ADP Research Institute®, a specialized
group within the company that provides insights around employment
trends and workforce strategy, in collaboration with Moody's
Analytics, Inc.
Each month, ADP Research Institute issues the
ADP National Employment Report as part of the company's commitment
to adding deeper insights into the U.S. labor market and providing
businesses, governments and others with a source of credible and
valuable information. The ADP National Employment Report is
broadly distributed to the public each month, free of charge.
The data for this report is collected for pay
periods that can be interpolated to 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 to compute
employment from its monthly survey of establishments. Due to
this processing, this subset is modified to make it indicative of
national employment levels; therefore, the resulting employment
changes computed for the ADP National Employment Report are not
representative of changes in ADP's total base of U.S. business
clients.
For a description of the underlying data and the
statistical model used to create this report, please see
the ADP National Employment Report: Development
Methodology.
About the ADP Research
Institute:
The mission of the ADP Research Institute is to
generate data-driven discoveries about the world of work, and to
derive reliable economic indicators from these insights. We
offer these findings to the world at large as our unique
contribution to making the world of work better and more
productive, and to bring greater awareness to the economy at
large.
About ADP (NASDAQ: ADP):
Designing better ways to work through
cutting-edge products, premium services and exceptional experiences
that enable people to reach their full potential. HR, Talent,
Time Management, Benefits, and Payroll. Informed by data and
designed for people. Learn more at ADP.com
ADP, the ADP logo, Always Designing for People,
ADP National Employment Report, ADP Small Business Report, ADP
National Franchise Report and ADP Research Institute are registered
trademarks of ADP, Inc. All other marks are the property of their
respective owners.
Copyright © 2022 ADP, Inc. All rights
reserved.
ADP-Media
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SOURCE ADP, Inc.