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Economy

Economic Data (USA)

Thursday, June 04, 2020

ADP National Employment Report for May 2020

The ADP® National Employment Report® for May 2020 was released by The ADP Research Institute® this morning:


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Nonfarm Payrolls (month-to-month change)

Predicted: -8,700,000

  • Actual: -2,760,000

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Previous Month (revised): -19,557,000

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The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

INFOGRAPHIC: ADP National Employment Report May 2020
INFOGRAPHIC:
ADP National Employment Report May 2020

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From today's report:

"...'The impact of the COVID-19 crisis continues to weigh on businesses of all sizes,' said Ahu Yildirmaz, co-head of the ADP Research Institute. 'While the labor market is still reeling from the effects of the pandemic, job loss likely peaked in April, as many states have begun a phased reopening of businesses.'..."
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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


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