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

AUTOMATIC DATA PROCESSING, INC.

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

Automatic Data Processing : US Private Sector Creates 749,000 Jobs in September -- ADP

09/30/2020 | 08:44am EDT

By Xavier Fontdegloria

The nonfarm private sector in the U.S. added 749,000 jobs in September, suggesting the pace of job gains accelerated in the month, data from ADP National Employment Report showed Wednesday.

Total U.S. nonfarm private employment increased by 749,000 from July to August. Economists polled by The Wall Street Journal were expecting it to show a gain of 600,000 jobs.

September's reading signals an acceleration in job creation compared with August figures, which were upwardly revised to 481,000 jobs gained from an initial estimate of 428,000.

Despite the improvements registered every month since May, the labor market is still far from recovering from the record-breaking 19.4 million jobs destroyed in April as the coronavirus pandemic took hold and economy was brought into halt.

"The labor market continues to recover gradually," Ahu Yildirmaz, co-head of the ADP Research Institute, said in prepared remarks.

Large businesses, those of at least 500 workers, are the ones which added most jobs, with an increase of 297,000. Medium businesses, between 50 and 499 employees, added 259,000 jobs, while small businesses, with a maximum of 49 employees, registered a 192,000 increase in jobs.

"Small businesses continued to demonstrate slower growth," Mr. Yildirmaz said.

Job creation was seen across almost all sectors, the report showed, with the service-providing sector adding 552,000 jobs and the goods-producing sector creating 196,000 jobs.

Among services, trade, transportation and utilities gained the most, with 186,000 jobs created, followed by 101,000 new jobs in health care and social assistance. Education subsector saw a reduction of 11,000 jobs, data showed.

As for the goods-producing sector, manufacturing gained 130,000 jobs, construction 60,000 and mining 7,000.

The report, done 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 September employment report, which covers the same period as the ADP National Employment Report, on Friday. Economists are expecting it to show nonfarm payrolls up 800,000 jobs for the month, and a reduction in the unemployment rate to 8.2% from 8.4% in August.

 

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

 

All news about AUTOMATIC DATA PROCESSING, INC.
06/17AUTOMATIC DATA PROCESSING  : ADP and OMNIA Partners Unite to Provide Payroll and..
PU
06/17ADP CANADA NATIONAL EMPLOYMENT REPOR : Employment in Canada Increased by 101,600..
AQ
06/16AUTOMATIC DATA PROCESSING  : ADP to Announce Fourth Quarter Fiscal 2021 Financia..
PR
06/10ADP RECOGNIZED AS A CUSTOMERS' CHOIC : Cloud HCM Suites for 1,000+ Employee Ente..
PR
06/10MEDIA ALERT : May 2021 ADP Canada National Employment Report to be released on T..
AQ
06/10AUTOMATIC DATA PROCESSING INC  : Entry into a Material Definitive Agreement, Cre..
AQ
06/10AUTOMATIC DATA PROCESSING, INC. : Ex-dividend day for
FA
06/10AUTOMATIC DATA PROCESSING, INC.  : SEC Filing 8K
CO
06/09AUTOMATIC DATA PROCESSING  : Gen Z Remote Workers Most Excited to Return to the ..
AQ
06/04Ackman SPAC Nears $40 Billion Universal Music Deal -- 3rd Update
DJ
More news
Financials (USD)
Sales 2021 14 915 M - -
Net income 2021 2 542 M - -
Net Debt 2021 172 M - -
P/E ratio 2021 33,1x
Yield 2021 1,84%
Capitalization 83 738 M 83 738 M -
EV / Sales 2021 5,63x
EV / Sales 2022 5,22x
Nbr of Employees 58 000
Free-Float 66,6%
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
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Last Close Price 196,79 $
Average target price 193,51 $
Spread / Average Target -1,67%
EPS Revisions
Managers and Directors
NameTitle
Carlos A. Rodriguez President, Chief Executive Officer & Director
Kathleen Anne Winters Chief Financial Officer & Vice President
John P. Jones Non-Executive Chairman
Douglas W. Politi President-Compliance Solutions
Richard T. Clark Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AUTOMATIC DATA PROCESSING, INC.11.69%83 602
ACCENTURE PLC9.32%181 515
TATA CONSULTANCY SERVICES LTD.14.33%163 177
INTERNATIONAL BUSINESS MACHINES CORPORATION16.50%131 035
INFOSYS LIMITED19.47%85 850
SNOWFLAKE INC.-11.77%73 526