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

AUTOMATIC DATA PROCESSING, INC.

(ADP)
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ADP Canada National Employment Report: Employment in Canada Decreased by 240,800 Jobs in September 2020

10/15/2020 | 08:30am EST

TORONTO, Oct. 15, 2020 /CNW/ -- Employment in Canada decreased by 240,800 jobs from August to September according to the September ADP®Canada National Employment Report.  Broadly distributed to the public each month, free of charge, the ADP Canada National Employment Report is produced by the ADP Research Institute®.  The report, which is derived from actual ADP payroll data, measures the change in total nonfarm payroll employment each month on a seasonally-adjusted basis.   

 

September 2020 Report Highlights*

Total Canada Nonfarm Payroll Employment1:   -240,800

Industry Snapshot:

- Goods Producing:

  • Manufacturing      - 45,800
  • Construction      - 16,900
  • Natural Resources and Mining      3,100

- Service Providing:

  • Trade/Transportation and Utilities      - 94,500
  • Information      - 1,800
  • Finance/Real Estate      - 5,200
  • Professional/Business Services      - 27,600
         - Professional/Technical      - 15,300
         - Management of Companies      1,100
         - Administrative and Support      - 13,400
  • Education & Health Care      - 59,500
         - Educational Services      - 15,700
         - Health Care      - 43,800
  • Leisure and Hospitality      - 11,200
  • Other Services2      18,500

* Sum of components may not equal total, due to rounding.

"The labour market continued to post a decline in employment," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. "The biggest job losses were in the trade, transportation and utilities; education and healthcare; and manufacturing sectors."

Chart 1. Change in Total Nonfarm Private Employment

Chart 2. Historical Trend - Change in Total Nonfarm Private Employment

Chart 3. Change in Nonfarm Private Employment by Industry

The August total of jobs added was revised from -205,400 to -770,600.

The October 2020ADP Canada National Employment Report will be released at 8:30a.m.ET on November 19, 2020.

About the ADP Canada National Employment Report
The ADP Canada National Employment Report is a monthly measure of the change in total Canada nonfarm payroll employment derived from actual, anonymous payroll data of client companies served by ADP Canada. The report, which measures more than two million workers in Canada, is produced by the ADP Research Institute®, a specialized group within the company that provides insights around employment trends and workforce strategy.

Each month, the ADP Research Institute issues the ADP Canada National Employment Report as part of the company's commitment to adding deeper insights into the labour market in Canada and providing businesses, governments and others with a source of credible and valuable information.  The ADP Canada National Employment Report is broadly distributed to the public each month, free of charge.

For a description of the underlying data and the statistical model used to create this report, please see "ADP Canada National Employment Report: Development Methodology".

About the ADP Research Institute
The mission of the ADP Research Institute is to generate data-driven discoveries about the world of work, and to derive reliable economic indicators from these insights. We offer these findings to the world at large as our unique contribution to making the world of work better and more productive, and to bring greater awareness 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 the ADP Research Institute are registered trademarks of ADP, Inc.  All other marks are the property of their respective owners.

Copyright © 2020 ADP, Inc.  All rights reserved.

______________________________

1 Including 14 industries (cf. report methodology)
2 Including public administration

 

SOURCE ADP, Inc.

© Canada Newswire, source Canada Newswire English

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Financials (USD)
Sales 2021 14 594 M - -
Net income 2021 2 397 M - -
Net cash 2021 434 M - -
P/E ratio 2021 31,3x
Yield 2021 2,14%
Capitalization 74 952 M 74 952 M -
EV / Sales 2021 5,11x
EV / Sales 2022 4,77x
Nbr of Employees 58 000
Free-Float 67,0%
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Automatic Data Processing, Inc. Technical Analysis Chart | ADP | US0530151036 | MarketScreener
Technical analysis trends AUTOMATIC DATA PROCESSING, INC.
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Mean consensus HOLD
Number of Analysts 19
Average target price 164,22 $
Last Close Price 174,79 $
Spread / Highest target 12,7%
Spread / Average Target -6,05%
Spread / Lowest Target -22,2%
EPS Revisions
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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
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