Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Automatic Data Processing, Inc.    ADP

AUTOMATIC DATA PROCESSING, INC.

(ADP)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Automatic Data Processing : U.S. Private Sector Adds 365,000 Jobs in October -- ADP

11/04/2020 | 08:44am EST

By Xavier Fontdegloria

The nonfarm private sector in the U.S. created 365,000 jobs in October, suggesting a slowdown in payroll gains, data from ADP National Employment Report showed Wednesday.

Total U.S. nonfarm private employment increased by 365,000 in October from September. Economists polled by The Wall Street Journal were expecting it to show a much bigger gain of 600,000 jobs.

October's figure signals that the job-creation pace slowed significantly in the month compared with September, when 753,000 jobs were gained, up from an initial estimate of 749,000.

The U.S. has been adding payroll gains uninterruptedly since May, when the economy reopened after a lockdown imposed to control the coronavirus. The labor market, however, is still far from recovering the record-breaking 19.4 million jobs that were destroyed in April and monthly gains are slowing down.

"The labor market continues to add jobs, yet at a slower pace," Ahu Yildirmaz, co-head of the ADP Research Institute, said.

Medium businesses, between 50 and 499 employees, are the ones which added the most jobs, with an increase of 135,000. Large businesses, those of at least 500 workers, created 116,000 jobs and small businesses, with a maximum of 49 employees, gained 114,000 jobs.

By sector, in October the vast majority of jobs were created in the service-providing sector, particularly leisure and hospitality, which had an increase of 125,000 jobs.

The goods-producing sector posted a 17,000 jobs gain, data showed.

"Although the pace is slower, we've seen employment gains across all industries and sizes," Mr. Yildirmaz said.

The report, carried out by the ADP Research Institute along with Moody's Analytics, is based on data through the 12th of the month.

The U.S. Department of Labor is expected to release its October employment report, which covers the same period as the ADP National Employment Report, on Friday. Economists are expecting it to show nonfarm payrolls up 530,000 jobs for the month, and a reduction in the unemployment rate to 7.7% from 7.9% in September.

Write to Xavier Fontdegloria at xavier.fontdegloria@wsj.com

(END) Dow Jones Newswires

11-04-20 0843ET

All news about AUTOMATIC DATA PROCESSING, INC.
09:01aAUTOMATIC DATA PROCESSING : U.S. Wages Grew 4.4 Percent in Fourth Quarter 2020 D..
PR
08:16aAUTOMATIC DATA PROCESSING : January 2021 ADP National Employment Report®, ADP Sm..
PR
08:01aAUTOMATIC DATA PROCESSING : Adjusted Q2 Earnings, Revenue Flat; Raises 2021 Guid..
MT
07:35aAUTOMATIC DATA PROCESSING : ADP Boosts FY21 Revenue Guidance; Now Sees Growth of..
DJ
07:27aAUTOMATIC DATA PROCESSING : ADP's 2Q Revenue Slips Slightly; Earnings About Flat..
DJ
07:20aADP : Fiscal 2Q Earnings Snapshot
AQ
07:04aAUTOMATIC DATA PROCESSING : Earnings Release
PU
07:01aAUTOMATIC DATA PROCESSING : ADP Reports Second Quarter Fiscal 2021 Results
PR
06:58aAUTOMATIC DATA PROCESSING INC : Results of Operations and Financial Condition, F..
AQ
01/21ADP CANADA NATIONAL EMPLOYMENT REPOR : Employment in Canada Decreased by 28,800 ..
AQ
More news
Financials (USD)
Sales 2021 14 637 M - -
Net income 2021 2 397 M - -
Net cash 2021 381 M - -
P/E ratio 2021 29,5x
Yield 2021 2,14%
Capitalization 71 042 M 71 042 M -
EV / Sales 2021 4,83x
EV / Sales 2022 4,53x
Nbr of Employees 58 000
Free-Float 67,0%
Chart AUTOMATIC DATA PROCESSING, INC.
Duration : Period :
Automatic Data Processing, Inc. Technical Analysis Chart | ADP | US0530151036 | MarketScreener
Technical analysis trends AUTOMATIC DATA PROCESSING, INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 167,11 $
Last Close Price 164,53 $
Spread / Highest target 21,6%
Spread / Average Target 1,57%
Spread / Lowest Target -17,3%
EPS Revisions
Managers and Directors
NameTitle
Carlos A. Rodriguez President, Chief Executive Officer & Director
John P. Jones Non-Executive Chairman
Kathleen Anne Winters Chief Financial Officer & Vice President
Richard T. Clark Independent Director
Peter E. Bisson Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AUTOMATIC DATA PROCESSING, INC.-7.11%70 553
TATA CONSULTANCY SERVICES14.97%166 970
ACCENTURE PLC-3.15%160 455
INTERNATIONAL BUSINESS MACHINES CORPORATION-2.69%109 146
INFOSYS LIMITED5.52%77 114
VMWARE, INC.0.23%59 012