Following last month’s disappointing ADP private payrolls report, when only 179K jobs were created (since revised lower to 157K), whisper numbers for today’s ADP report were decidedly lower than the consensus forecast of 180K. Which is why many were surprised when according to ADP, a whopping 271K jobs were created…
ADP Private Payrolls: 219,000 Jobs Gained, 23,000 More Manufacturing Jobs…
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 companies served by ADP. The report measures approximately 24 million U.S. workers along with employment trends in collaboration with Moody’s Analytics. For July 2018, ADP has calculated payroll increases of […]