ADP®, a leader in human capital management services, and Moody's
Analytics, a leading independent provider of economic forecasting,
today announced enhancements to the ADP National Employment
Report®, ADP's widely followed gauge of U.S. nonfarm private sector
employment.
The newly expanded ADP National Employment Report will be issued
each month by the ADP Research Institute(SM), a specialized group
within ADP that provides insights around employment trends and
workforce strategy. The first enhanced monthly report issued in
collaboration with Moody's Analytics will be released on November
1, and will report private payroll changes for the month of October
2012.
"Our new strategic collaboration with Moody's Analytics marks
the beginning of an exciting stage in the evolution of the ADP
National Employment Report, as we work to offer an even deeper,
richer and more illuminating look at U.S. monthly employment," said
Jan Siegmund, Chief Strategy Officer, ADP. "Moody's Analytics is
one of the most trusted names in economic forecasting with a vast
and dedicated research team focused on national and regional U.S.
employment trends. This team is led by their Chief Economist Mark
Zandi, one of the world's most respected labor market experts. We
look forward to working closely with the Moody's Analytics team to
provide an insightful analysis of the changes in the U.S. labor
market."
This new collaboration allows the ADP National Employment Report
to increase the number of industry categories reported and expands
the number of business sizes reported each month. Other key
enhancements of the report include the development of a new
methodology to further align with the final, revised U.S. Bureau of
Labor Statistics (BLS) numbers. A look back at historical data from
2001 to present using the new methodology shows a very strong
correlation (96%) with the revised BLS numbers. In addition, the
overall sample size used to create the report has been increased
from 344,000 U.S. companies to 406,000, and from 21 million
employees to 23 million; which accounts for more than 20% of all
U.S. private sector employees. Originally launched in 2006, the ADP
National Employment Report is a derived from actual payroll data
from an anonymous subset of ADP's clients in the U.S.
"The ADP National Employment Report is derived from
transactional payroll data and not just survey data, making it a
powerful labor market indicator," said Mark Zandi, Chief Economist
at Moody's Analytics. "Drawing from this input and the national and
regional knowledge provided by Moody's Analytics' dedicated team of
economists, we are enhancing the monthly report, which we are
confident will further align the ADP National Employment Report
findings with the BLS's fully revised numbers."
The previous report provided three company-size classes. The
enhanced ADP National Employment Report offers data according to
five company-size classes:
- 1-19 employees
- 20-49 employees
- 50-499 employees
- 500-999 employees
- 1000 or more employees
In addition, the enhanced report will provide an expanded
snapshot of the monthly change in nonfarm private sector employment
by moving from reporting on three industries to five industries.
The five industries reported constitute more than 50% of all U.S.
private sector employment. The industries are aligned with the
North American Industrial Classification System (NAICS), the system
endorsed by the U.S. Bureau of Labor Statistics. The five
industries are:
- Construction
- Financial Activities
- Manufacturing
- Professional and Business Services
- Trade, Transportation and Utilities
Educational Webinars To provide a detailed
educational overview of the ADP National Employment Report's new
methodology, ADP and Moody's Analytics will host a series of
interactive, one-hour webinars on the following days. Interested
parties are welcome to attend any one of the events, and are
encouraged to join no later than five minutes prior to the start of
each event.
Friday, October 26, 2012 - 1:30 p.m.
ET
Webcast Link: http://www.media-server.com/m/p/pn8ycou5
Conference Dial-In Information: Toll-Free:
(877) 736-3442 International: (706) 679-0359 Conference
ID/Passcode: 53325973
Monday, October 29, 2012 - 4:00 p.m.
ET
Webcast Link: http://www.media-server.com/m/p/2i749a89
Conference Dial-In Information: Toll-Free:
(877) 736-3442 International: (706) 679-0359 Conference
ID/Passcode: 53343996
Tuesday, October 30, 2012 - 2:00 p.m.
ET
Webcast Link: http://www.media-server.com/m/p/7678476g
Conference Dial-In Information: Toll-Free:
(877) 736-3442 International: (706) 679-0359 Conference
ID/Passcode: 53358311
Please note: A replay of each webcast will be available
approximately two hours after the conclusion of each event and
remain available for 12 months. These can be accessed using the
same webcast URL's listed. A teleconference replay of all three
webinars will also be available through November 9 by calling
either (855) 859-2056 or (404) 537-3406, and then entering any one
of the passcodes listed above.
For additional information about the ADP National Employment
Report, including a sample report, charts, supporting data and a
publishing schedule for future release dates, or to subscribe to
the monthly email alerts and RSS feeds, please visit
http://ADPemploymentreport.com.
The October 2012 ADP National Employment Report will be released
at 8:15 a.m. ET on Thursday, November 1, 2012.
About Moody's Analytics Moody's Analytics
helps capital markets and risk management professionals worldwide
respond to an evolving marketplace with confidence. The company
offers unique tools and best practices for measuring and managing
risk through expertise and experience in credit analysis, economic
research and financial risk management. By providing leading-edge
software, advisory services and research, including the proprietary
analysis of Moody's Investors Service, Moody's Analytics integrates
and customizes its offerings to address specific business
challenges. Moody's Analytics is a subsidiary of Moody's
Corporation (NYSE: MCO), which reported revenue of $2.3 billion in
2011, employs approximately 6,500 people worldwide and has a
presence in 28 countries. Further information is available at
www.moodysanalytics.com.
About ADP Automatic Data Processing, Inc.
(NASDAQ: ADP), with more than $10 billion in revenues and
approximately 600,000 clients, is one of the world's largest
providers of business outsourcing solutions. Leveraging over 60
years of experience, ADP offers a wide range of human resource,
payroll, tax and benefits administration solutions from a single
source. ADP's easy-to-use solutions for employers provide superior
value to companies of all types and sizes. ADP is also a leading
provider of integrated computing solutions to auto, truck,
motorcycle, marine, recreational vehicle, and heavy equipment
dealers throughout the world. For more information about ADP or to
contact a local ADP sales office, reach us at 1.800.225.5237 or
visit the company's Web site at www.adp.com.
Contacts: Michael Schneider ADP (973) 567-1775
michael.schneider@adp.com Michael Adler Moody's Analytics (212)
553-4667 michael.adler@moodys.com
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