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

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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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• Click here to view the full ADP report.

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ADP National Employment Report for April 2020

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


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Nonfarm Payrolls (month-to-month change)

Predicted: -20,000,000

• Actual: -20,236,000

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Previous Month (revised): -149,000

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

From today's report:

"...'Job losses of this scale are unprecedented. The total number of job losses for the month of April alone was more than double the total jobs lost during the Great Recession,' said Ahu Yildirmaz, co-head of the ADP Research Institute. 'Additionally, it is important to note that the report is based on the total number of payroll records for employees who were active on a company’s payroll through the 12th of the month. This is the same time period the Bureau of Labor and Statistics uses for their survey.'..."

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Chart: ADP National Employment Report - April 2020 Update

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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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===================

• Click here to view the full ADP report.

 ===================

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