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Wednesday, June 3, 2020

ADP jobs down 'just' 2.76M in May

Private sector employment decreased by 2,760,000 jobs from April to May according to the May ADP National Employment Report®.The report utilizes data through the 12th of the month. The NER uses the same time period the Bureau of Labor and Statistics uses for their survey. As such, the May NER does not reflect the full impact of COVID-19 on the overall employment situation.

The matched sample used to develop the ADP National Employment Report was derived from ADP payroll data, which represents 460,000 U.S. clients employing nearly 26 million workers in the U.S. The April total of jobs lost was revised from -20,236,000 to -19,557,000. 

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