US private sector employment crushed

06 May 2020

 

Summary: Private sector employment crushed in April; official payroll report to tank at end of week; employment numbers trashed across firms of all sizes; services sector accounts for 80% of losses.  The ADP National Employment Report is a monthly report which provides an estimate of US non-farm employment in the private sector. Since the report began to be published in 2006, its employment figures have exhibited a high correlation with...

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