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Labor Market Is Cooling: ADP Job Growth Misses Expectations. Here's How Fed Rate Bets And Markets Are Reacting
Wednesday, April 5, 2023 - 9:14am | 446The market got another hint of labor market weakness in the United States on Wednesday, as Automatic Data Processing, Inc. (ADP) reported 145,000 jobs added by private companies in March 2023, down from 261,000 in February and significantly below forecasts of 200,000. According to ADP Chief...
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Automatic Data Processing (ADP) Offering Great Entry Point And Long-Term Fundamentals
Friday, February 10, 2023 - 11:39am | 500Waiting for a great trade can take time. The wait is over for Automatic Data Processing, Inc. (NASDAQ: ADP) as it is at a great buying point right now. Here's why. The Trade Setup Going back to 2009, except for the quick "COVID" selloff in 2020, ADP is in a long-term...
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Economists Are Expecting January Job Growth To Fall Behind December: Is Extreme Weather To Blame For The Slump?
Thursday, February 2, 2023 - 3:02pm | 295The first jobs report of the year will be out 8:30 a.m. ET Friday morning, lending a glimpse into the cumulative effects of almost one full year of rising interest rates from the Fed. On Wednesday, the Federal Reserve issued a new hike of 0.25%, taking the federal funds rate to between 4.50% and 4...
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Stock Market Update For The Week Ahead: 'Positive Performance Regardless Of Which Party Wins'
Monday, November 2, 2020 - 9:40am | 1238The Past Week, In A Nutshell What Happened: Last week ended negative despite better-than-expected earnings. Remember This: “Overall market performance also tends to stall leading into an election," said Phil Mackintosh, Nasdaq Chief Economist. "Although once a result is known,...
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'A Clear Break With Prevailing Policy': Stock Market Update For The Week Ahead
Sunday, August 30, 2020 - 2:32pm | 2206The Last Week In A Nutshell What Happened: Last week ended positive, with broad gains in all S&P 500 sectors. Remember This: “Some data suggests consumer health has started to improve,” said Lindsey Bell, chief investment strategist at Ally Financial Inc (NYSE: ALLY)-owned Ally...
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FedEx, UPS Shares Rise After FedEx Beats Analysts' Estimates On Top, Bottom Lines
Wednesday, July 1, 2020 - 10:17am | 1805(Wednesday Market Open) Investors seem ready to pause buying to start a new month, quarter, and last half of the year after two days of solid gains helped make for the best quarter in more than 20 years. In economic news, an employment report from ADP and Moody’s Analytics showed fewer job...
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ADP Employment Data For July Comes In Better Than Expected
Wednesday, July 31, 2019 - 8:23am | 176ADP National Employment reports data for July saw private sector employment increased by 156,000 jobs from June to July, higher than 150,000 expected. "While we still see strength in the labor market, it has shown signs of weakening," said Ahu Yildirmaz, vice president and co-head of the...
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ADP Employment Data For June Comes In Worse Than Expected
Wednesday, July 3, 2019 - 9:15am | 213ADP National Employment reports data for June was worse than expected with small business struggling to compete in a tight labor market. Data showed private sector employment increased by 102,000 jobs from May to June. Estimates called for 140,000 jobs. "Job growth started to show signs of a...
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ADP Sees 129K Jobs Added In March Against 184K Economist Expectation
Wednesday, April 3, 2019 - 8:35am | 277U.S. private sector expanded payrolls with 129,000 jobs in March, according to the ADP Research Institute’s monthly report. This marks ADP’s lowest reading since September 2017. "March posted the slowest employment increase in 18 months," ADP Research Institute Vice President...
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February Private Payrolls Solid, But Moody's Issues Slowdown Warning
Wednesday, March 6, 2019 - 10:49am | 400U.S. private payrolls were up 183,000 in the month of February, according to the latest report Wednesday from ADP and Moody’s Analytics. The private payroll number was just shy of economist expectations of 185,000, and Moody’s economist Mark Zandl had some potentially troubling...
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ADP Shows Largest Payroll Increase In Nearly 2 Years
Thursday, January 3, 2019 - 10:53am | 355While U.S. investors are concerned over a potential economic slowdown in 2019, the latest data from ADP and Moody’s suggests the private sector jobs market is booming. On Thursday morning, an ADP/Moody’s report found U.S. private payrolls were up 271,000 in December, the largest monthly...
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Highlights From Cramer's Interview With ADP's CEO Carlos Rodriguez
Tuesday, August 22, 2017 - 2:19pm | 642Billionaire investor Bill Ackman's activist campaign against Automatic Data Processing (NASDAQ: ADP) is turning nasty, the company's CEO Carlos Rodriguez explained to CNBC's Jim Cramer. Rodriguez spoke with Ackman before he went public and vocal with his proxy contest and asked for a...
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Are ADP Jobs Numbers Perfectly In Sync With NFP Private Payrolls Data?
Tuesday, April 11, 2017 - 10:09am | 806Those bracing for upbeat Labor Department non-farm payrolls, or NFP, data for March following an exceedingly strong Automatic Data Processing (NASDAQ: ADP) private payrolls report were in for a disappointment. The March NFP Report: A Dampener The Labor Department's establishment survey, which is...
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Fed Rate Hike Chatter Grows Louder As Economic Data Point To Strong Momentum
Friday, December 2, 2016 - 12:47pm | 845The Federal Reserve's monetary policy setting arm, or the FOMC is set to sit across the table for one last time this year to deliberate on rates. It's sure an unenviable task, given the fine line central bankers have to tread in deciding the apt course of the monetary policy. A wrong move can...
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Automatic Data Processing Testing Long Term Uptrend Channel; Profit-Taking Time?
Monday, September 22, 2014 - 11:18am | 396Automatic Data Processing (NASDAQ: ADP) has been on a dream run to the upside since the 2008 and 2010 lows, rallying nearly 300 percent. With the stock at all-time highs and testing the upper edge of a very long-term uptrend channel on the chart, it behooves those who are bullish to assess the...