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Tag >> ADP
Aug 31

Pessimism Continues to Grip Executive Suites, Wall Street

Posted by Stephen Taub in RiskISMEconomist Intelligence UnitCashBNY MellonADP

Stephen Taub

The doom and gloomers are growing in numbers.

On a day when the ADP employment report for May showed slower job growth than expected and the ISM Manufacturing Index plummeted in May, at least two new reports were released indicating the business community and investors are becoming increasingly nervous about the future.

May 04

Planned job cuts continue to decline

Posted by Stephen Taub in jobsemploymentChallenger Gray & ChristmasCareers/ManagementADP

Stephen Taub
Is the employment picture starting to brighten?

We'll get a good reading on Friday when the government releases its April jobs report. Then less reliable ADP report released Wednesday, however, showed that private employers added 179,000 jobs in April, which was below consensus expectations.

One potential forward-looking reading does suggest that the unemployment rate will continue to drop.

Sep 01

Help still not wanted...for now

Posted by Stephen Taub in RiskjobsConference BoardCashADP

Stephen Taub

Can the economy continue to grow without a meaningful improvement in the job market? The stock market seems to think so.

This morning we got bad news on the jobs front from a number of sources.

Mar 17

ADP seeing increased demand from small businesses

Posted by MQuinn in small businesspayrollhiringemploymentCareers/ManagementADP


The vast majority of headlines surrounding small business have been of the "doom and gloom" variety, so we thought we'd mix things up and provide some potentially good news on that front: Automatic Data Processing is reporting that sales of services to companies with 50 employees or fewer have increased since September.

"It's a clear indication that small business is coming back," ADP's CEO Gary Butler told Bloomberg BusinessWeek in an interview Monday. "You don't put in a new HR system or payroll system if your business isn't going to grow."

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