ADP National Employment Report
Definition of 'ADP National Employment Report'
A report that measures levels of non-farm private employment. The ADP National Employment Report is based on payroll data from over half of ADP's U.S. business clients. The data represents about 24 million employees from all 19 of the major North American Industrial Classification (NAICS) private industrial sectors.
The ADP Employer report is sponsored by ADP Employer Services and is maintained by Macroeconomic Advisers LLC., and is based on an analysis of over five years of data and a monthly review of payroll records.
Investopedia explains 'ADP National Employment Report'
The ADP National Employment Report is released monthly, and used by economists, policy-makers and financial professionals as a timely and accurate resource for estimates in national labor market movements.