ADP Research Institute and Stanford Digital
Economy Lab to provide a more robust, high-frequency labor market
analysis; pause current report in interim
ROSELAND, N.J., June 30, 2022 /PRNewswire/ -- Today, the ADP
Research Institute (ADPRI) and the Stanford Digital Economy Lab
(the "Lab") announced they will retool the ADP National Employment
Report (NER) methodology to provide a more robust, high-frequency
view of the labor market and trajectory of economic growth. In
preparation for the changeover to the new report and methodology,
ADPRI will pause issuing the current report and has targeted
August 31, 2022 to reintroduce the
new ADP National Employment Report.
ADPRI announced its collaboration with the Lab in April 2022, with plans to advance reporting of
labor market data. Aligning with ADPRI's mission, the Lab focuses
on how technologies, like AI, are affecting the workforce, business
and society to help people make better decisions. Together, ADPRI
and the Lab are working to deliver a stronger labor market analysis
and reliable labor market indicators for the new ADP National
Employment Report.
"ADP's extensive dataset of over 26 million U.S. employees
offers a tremendous ability to deliver a strong read of the labor
market and pulse of U.S. employment," said Nela Richardson, chief economist, ADP. "As the
leader in providing deep data on the world of work, our goal is to
issue indicators that inform business leaders, members of academia,
economists and policymakers with a reliable read of the workforce.
We look forward to advancing our labor market analysis with the
Stanford Digital Economy Lab to provide a more comprehensive
analysis of labor market data, and reintroduce the ADP National
Employment Report."
"The NER project is an exciting step for the Lab," said Stanford
Professor Erik Brynjolfsson,
Director of the Lab and Senior Fellow at the Stanford Institute for
Human-Centered AI. "There's a revolution underway using
fine-grained, real-time data to help us answer key economic and
business questions. By working together, we can apply our knowledge
to an extremely important labor market indicator. The new NER
combines theory and practice, analysis and experimentation, and
academia and business – and makes insights accessible and useful to
more people."
Additional updates and announcements regarding the new ADP
National Employment Report will be forthcoming, closer to the
re-launch later this summer. In the meantime, for more information
on ADP Research Institute, visit ADPRI.org.
About the ADP Research Institute
The ADP Research
Institute delivers data-driven discoveries about the world of work
and derives reliable economic indicators from these insights. We
offer these findings as a unique contribution to making the world
of work better and more productive by delivering actionable
insights 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 and ADP Research
Institute are trademarks of ADP, Inc.
Copyright © 2022 ADP, Inc. All rights reserved.
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SOURCE ADP, Inc.