ADP report points to “slowing employment growth” in US

04 November 2020

 

Summary: ADP payroll numbers increase in October; half of the consensus figure; September number revised up a touch; report “points to slowing employment growth”; figures up across firms of all sizes; services sector accounts for 95% of gains.   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...

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