ADP

AndrewHolyMan

All these commenters don’t realize ADP is a private number and is not controlled by the government

Solid-Season9984

Reports iran seeking end to war, ADP reports 63,000 jobs added, crypto pumping, anthropic more than doubled revenue. Believe it or not FULL PORT CALLS!

hailfire27

The ADP, The ADP is 50 thou! That's what we should be talking about!

sailortyx56

US ADP Employment Change Actual 63k (Forecast 50k, Previous 22k)

fredditf

ADP Nonfarm Employment Change (Feb) 63K vs 50K EST

spyputs1

We haven’t even seen the ADP numbers yet this gon be gud

ThinkingOfTheOldDays

ADP lightly green. War is good for small bidness services I guess

eskhalaf

**Week of 3/6 Market News and Data** **Hello WSB members, this upcoming week is a light week in data and reports. We have some interesting earnings reports. Market is gonna be volatile due to the political climate in the middle east, trade with caution.** **Monday 3/2:** - S&P Global Manufacturing PMI (Feb) - ISM Manufacturing PMI (Feb) - ISM Manufacturing Prices (Feb) **Wednesday 3/4:** - ADP Nonfarm Employment Change (Feb) - S&P Global Services PMI (Feb) - ISM Non-Manufacturing Prices (Feb) - ISM Non-Manufacturing PMI (Feb) - Crude Oil Inventories **Thursday 3/5:** - Initial Jobless Claims **Friday 3/6:** - Retail Sales (MoM) (Jan) - Core Retail Sales (MoM) (Jan) - Nonfarm Payrolls (Feb) - Unemployment Rate (Feb) - Average Hourly Earnings (MoM) (Feb) **Have a great week WSBers**

eskhalaf

**Week of 3/6 Market News and Data** **Hello WSB members, this upcoming week is a light week in data and reports. We have some interesting earnings reports. Market is gonna be volatile due to the political climate in the middle east, trade with caution.** **Monday 3/2:** - S&P Global Manufacturing PMI (Feb) - ISM Manufacturing PMI (Feb) - ISM Manufacturing Prices (Feb) **Wednesday 3/4:** - ADP Nonfarm Employment Change (Feb) - S&P Global Services PMI (Feb) - ISM Non-Manufacturing Prices (Feb) - ISM Non-Manufacturing PMI (Feb) - Crude Oil Inventories **Thursday 3/5:** - Initial Jobless Claims **Friday 3/6:** - Retail Sales (MoM) (Jan) - Core Retail Sales (MoM) (Jan) - Nonfarm Payrolls (Feb) - Unemployment Rate (Feb) - Average Hourly Earnings (MoM) (Feb) **Have a great week WSBers**

sailortyx56

Economic calendar for the week Mfg PMIs tomorrow morning ADP & Services PMIs Weds Challenger & Claims Thurs NFP & Retail Sales Fri

char-tipped_lips

Labor probably going to hit smashed soon. Only thing more impactful than inflation is labor, and the market is clearly only paying attention to labor. ADP numbers next week too

Ok_Cry7572

If companies are shrinking workforce every year: Then these companies will suffer the most Workday – HR systems scale with employee count Paychex – payroll volume falls ADP – fewer employees = lower processing revenue Robert Half – recruiting demand collapses

fledgling66

Yay I love my 6% ADP position

Affectionate_Log5136

I agree with the stock pickers that the circular ponzi AI investment scheme is not the real economy. My numbers say actual GDP is less than 1.5% for Q3. It makes no sense that we have used car contraction, increased unemployment, lower business investment in local communities and increased tax defaults. For example the $4.5 tourism contraction from the sell/boycott America is just now putting business out of business. So my numbers say a $4 billion contraction in defense spending, an $3 trillion increase in the deficit ( we are already at $1.3 trillion due to Trump's first year) and that the trade war has increase costs that is causing the 280 million U.S citizens to cancel future spending plans. Therefore, I am looking for better quality data sources than just from the government because as Guy Adami says "the books are cooked." Any ideas on where to get real economic data going forward? ADP for unemployment but what about industry contracts? All ideas welcomed.

Swearwolfofwallst

It's based on context. Like I said, larger systems can handle complexity required for different needs, specs, regional compliance, security, etc. but they come with large upkeep that is 100% of the time not understood and/or appreciated/budgeted for by organizations implementing. I think we're getting to a place where some of the newer/scrappier HRIS/HCM start-ups might have built out adjacent features and capabilities compared to where many of them were 10 years ago, but I still don't see even AI-future software being able to synthesize the complexity and deliver relatively smooth implementations to the point it would allow employers to move off the larger HRIS/HCM systems. Personally, my first HRIS/HCM was SAP and was designed by some german in the 1990s who wanted to see if they could get a proof of concept to work and I got to pick it up 20 years later where not a single UI improvement in software that had happened in the meantime had been incorporated into the software. Not one taught me a single damn thing about how to use it, luckily I'm pretty handy with hardware and software. Anyway, from that I gained a huge bias for user experience for administrators--after all if your admins/power users can't ramp up reasonably quickly on your software you have failed design 101. I'm lucky I didn't have to suffer under Peoplesoft for more than a few months but that to me is emblematic of shit design by design, admins so terrified to improve anything because it took 5 years and $12m in consulting fees just to get the ATS module to work that they can't run their business. Hostage by a horrific system. I've used several ADP products, very middle of the road functionality at best and a testament to coasting; all the advantage in the world, had 90% market share at some point but just cannot be bothered to actually improve the product so everyone else has launched and innovated in the space in the last 15 years. ~10 years ago, Workday was the first(only) major HRIS/HCM I saw doing things like the huge search bar/omni search at the top of the screen to search for employee names, reports, features. Even on the desktop, they understood mobile design, icon sizing and making things easier to find use, sort, etc. Shit even having a mobile app, a good number of even large HCM/HRISes treat it at as an also-ran, somehow missing the lesson that Apple has taught the world multiple times in the last 20 years about the value of portability. Other HCM/HRISes have caught the winds of change or are working on adapting but it does take enormous resources up front to have these systems implemented correctly as you well know and it's rarely done. Then the operating team is under-staffed and no one gets training and "hate" the system. There isn't a provider that doesn't have that same struggle/model, and until HRIS/HCM providers can build it actual operational alignment cost into their implementation budgets because clients understand how devastating it is to implement poorly, people will continue to "hate" whatever their company's system is. It was a ways back, but Paycom was actually my top experience as an admin; I came into an org where it had barely been implemented and I was in charge of it and I was able to setup additional basics (onboarding, document management, entitlements, LMS) pretty quickly by myself and with a bit of help from customer service (who didn't try to bill me like many providers do for asking a simple fucking question) as it was pretty intuitive and I didn't have to read a 4,0000 page guide from the vendor. Employees could generally get and find what they wanted from or out of the system. Their web app and mobile interface weren't beautiful but the generally worked well. For small and mid-sized HRIS/HCM solution, they probably check most of the boxes still I'd imagine.

CumgPot_chickling

Ask them can you at least make your software better than ADP?

fledgling66

Ive been buying $ADP. I’m accumulating more and more quicker than anticipated. The risk is overblown, the dividend is good, and I’m not really in it for outrageous growth. Let me store a good chunk of dormant cash when it’s priced at $205 and see where it’s at in a year.

Available-Range-5341

OK but CRM and ADP and MSFT and AMZN are dropping like the only think they offer is AI

greenpride32

EQ is the tranfer agent for ADP stock. You can get in touch with them - https://equiniti.com/us/ast-access/individuals/. The transfer agent will either have a record of your grandmother still owning the stock or a record of the state selling the shares.

f1ve-Star

ADP also pays a dividend. If that was rolled over into stocks you may be pleasantly surprised.

Spirited-Print-1097

That’s the rub, I believe the recent ADP jobs numbers & my colleagues experience in trying to secure employment. Can’t trust the federal government’s numbers any longer.

Crafty_Memory_1706

And WSJ and other analysts said this was double the expected number based on ADP and other payroll providers. Stinky.

zynamiqw

[**This is also why the ADP and BLS figures track so closely together.**](https://www.pewresearch.org/short-reads/2025/11/05/how-adp-employment-data-compares-with-official-bls-jobs-reports/) They're both huge datasets with some pretty sophisticated modelling behind them.

zynamiqw

ADP also estimates there are more total jobs in the private sector than the BLS does, so it's kind of a wash between them.

turb0_encapsulator

I'm beginning to think ADP, or the Conference Board's Labor Market Differential, may be a better gauge. There's clearly something wrong with the way the BLS is measuring, deliberate or not.

Spirited-Print-1097

The ADP Numbers are not in agreement. Guess next they’ll start messing with ADP. Gotta cover all bases.

garulousmonkey

There is no fundamental difference.  ADP has a customer base in all sectors and at all levels of company size.   There are numerous companies that choose to farm out to ADP, including F500 companies.  Amazon, Honeywell, and Centene to name 3.

Natural_Level_7593

Not really, since the companies that use ADP are fundamentally different than companies that are able to process payroll in house. 20% would be statistically significant if it weren't for the selection bias.

ptwonline

> It’s an overall much more reliable number. It's more reliable but also more limited since ADP doesn't do payrolls for everyone. They do around 20% of private US workforce payroll. I don't know the details of their business size and sector make-up but there could be large gaps.

Fabulous_Chain_7587

The ADP employment numbers are 22K jobs created in January, but they agree with the spike of >70K in Education/Healthcare. Sorry I can't seem to post links

Fabulous_Chain_7587

The ADP numbers are 22K in January, with 70K in Education/Healthcare. [adpemploymentreport.co](http://adpemploymentreport.co)

garulousmonkey

Bingo.  The BLS method is hopelessly outdated. The BLS relies on ~121,000 companies to supply payroll data to them monthly.  Not everyone reports on time, leading to the revisions. ADP, on the other hand, uses real time data to calculate employment data based ln the number of people added/removed in their payroll system each month.  It’s an overall much more reliable number. No one at the BLS is falsifying numbers.   That would be like actually rigging an election.  You would need to get ~2,000 people to agree to falsify numbers and all keep their mouths shut about it.  Not going to happen.

NoNDA-SDC

ADP on Feb 4th said the labor market was weak and stagnant, these days I think they're more trustworthy. **Private payrolls rose by just 22,000 in January, far short of expectations** https://www.cnbc.com/2026/02/04/adp-jobs-report-january-2026.html

DapperCam

It has been privatized in a sense. Now people will just go off the numbers ADP publishes.

fledgling66

Took half of my money out of SGOV and put it in ADP yesterday. Pretty happy with that decision this morning. $6B buy back program announced and we’re up 2% this morning pre-market.

Ok-Run-8643

@this rate UNH and ADP pays better dividend than my saving account.

RMarch21

Virtually all jobs in the healthcare sector, also revised full year 2025 numbers down to 181,000 from 584,000…..December JOLTS reports about 7.5 millions seekers for 6.5 million job openings…. ADP reports private employers having -48% formal jobs in 2025 down from 2024 Recently cut jobs, UPS - 31,000, Amazon - 16,000….including all the data points to a weak job market trending toward weaker

iliveonramen

I can read, I'm just wondering where you're getting your information. All I can find is that ADP services 45,000 Healthcare companies and it is ADPs largest sector. Healthcare job growth in 2025 accounted for 69% of total job growth. ADP numbers for 2025 weren't much lower than BLS numbers. Initially they were, but after revisions ADP job growth numbers for 2025 is actually higher.

iliveonramen

Where exactly are you getting this from? In 2025 after the revisions, ADP was a better indicator of what was actually happening than the job numbers coming out.

kananishino

Not all companies use ADP

drummer820

You think ADP showing 22,000 private sector job growth that they literally call "lackluster" aligns pretty well with an above expectation print of 130,000 jobs for the same month from BLS?

gizamo

Imagine still believing the jobs data. It is blatantly contradictory to all the independent data it used to align with, e.g ADP. It can't be trusted now.

Delicious-Window-277

Hey there. Ill give you 2 threads ive got 1. https://www.reddit.com/r/economy/comments/1r26vsw/the_january_jobs_report_is_a_lie_that_leads_with/ 2. https://www.reddit.com/r/dataisbeautiful/s/NzxRMOjnJd Other relevant stats: ADP shows 22k jobs added instead. But they may not ever agree. Part of the reason this jobs report looks good is because it excludes people that are unemployed over 30 days and those are counted as not seeking employment. Other relevant figures would be number of jobs/industries hit by tariffs and the future of those businesses. As many of them are hanging on ny using up stocks / inventory that were stored before tariffs went into effect. But those supplies cannot last indefinitely. Finally, try looking past part time, temporary, gig jobs and you notice that high paying, good jobs in noteworthy industries have been rapidly declining.

GloomyPlatypus

ADP reported only 22,000 new private sector jobs were created in January. The Trump govt isn't hiring, so we're did the 108,000 diff come from?

Delicious-Window-277

I guess you must be interpreting this report a lot more optimistically than the rest of us. Previous report: gains but nothing spectacular. This report cuts the figures down. And also it conflicts with private sector data from ADP. I guarantee you that if these numbers were published by a democratic president saying things like " what an amazing economy ". Then folks would be up in arms when these numbers rolled out. Also keeping in mind that the agency publishing them recently lost a lot of its key members making all their claims just a little more suspicious. In short: It came out late. It doesn't paint a rosy picture. And you still see what you want to see.

Available-Range-5341

I have been bearish for years because of insane valuations but today I bought ADP and CRM, yesterday I loaded up on AMZN and MSFT. I bought MSFT too soon apparently so am upset about that but it's not a deep regret. Not everything is cheap. But I find the narrative shift "fake." There was no real catalyst, and when there is no real catalyst, when it's just "concerns," the thing usually reverses, it's just a matter of when. It's INSANE to me as a bear to watch the former bulls become more bearish than me. I am cheering them up and telling them that MSFT actually does have value, etc.! WTF! These people couldn't get enough MSFT when it was $500 and they were still spending too much on capex. The fact that I of all people own CRM is insane, but people don't know me. It would be like if Trump said "open borders are great." People are really letting fear get in the way of them seeing value. I temp and every company I temp at uses and aint changing from ADP or CRM

Available-Range-5341

I had been a bear but even I bought MSFT, ADP, and CRM. Stupid? IDK. But I temp and everyone uses CRM and ADP. These are not going anywhere. I am so sick of dotcom bubble comparisons. I was bearish until recently because companies got overvalued, but the core value is there. It's not like these companies don't rake in huge amounts of $$$$.

kgal1298

"Based on what I found on that private measures showed weaker hiring as ADP payroll processor reported 22K jobs added last week. Challenger, Gray & Christmas recorded more than 108K job cuts last month and openings fell to 6.5M. Analysts say the unemployment rate is providing a gauage amid revisions and will influence policy and markets while economists warned revisions could mean the American Economy lost jobs in 2025. Policy factos of high interest rates, Elon Musks purge of the federal workforce purge last year and Trump's immigration policies have cut the labor supply and lowered the jobs break even point" The private sector is fact-checking the government now...what a fucking time to be alive.

ccopmp

I don’t trust these numbers. Let’s compare when ADP releases their info

Available-Range-5341

Damn, for all of my complaining, just realized ADP is now $219! Either we are in the beginning of a massive recession, or that thing is on sale. I've been eying it since 2018. Yes, 8 years. And it's always been overpriced with a PE of 30+ and 2% dividend. PE of 21 and 3% yield feels like a steal

JerryAtrics_

I don't know why anyone would put stock in the fed's initial report numbers given their recent revision history. I feel more comfortable with ADP's estimates.

DMT1703

Mfw ADP reporting only 22000 net + job being created ATM. Where the fuck does that 130000 job even come from ?

RenaissanceMan12608

Am I crazy for thinking that the administration is cooking the books? There has never been this big a discrepancy between ADP and the federal reports and every single jobs report has been revised downward since April

magnoliasmanor

Wow that really did smash expectations. I'll wait to see what ADP comes out with.

Prozeum

BLS can't be trusted at this point. Every month there's a revision bringing it much closer to what ADP (who uses actual hard data) says. ADP has Jan at +22k in the private sector, BLS has Jan at 130k. Make it make sense. Next month will have a revision of -80k jobs for January. Almost a million GHOST jobs last year! Ghost economy with no growth propped up by healthcare and AI bubble.

jglhk

0 chance that number is real considering how far off it is from ADP number. But whatever, we mooning

stillyourking

It’s not like ADP can pull raw data and pivot

building-block-s

What do the ADP numbers say?

ThatBlinkingRedLight

Let me get Puts and that ADP data

Reasonable_Roger

Where's the ADP? The dude who posts it must have lost his job

catastrapostrophe

I would move it from the ADP account to Etrade. There should be no fee. Etrade will hold whatever securities you want.

kingpcgeek

I’m not moving from E*Trade. My 401k is with ADP. I want to move that to a new brokerage

FarWay9137

SPY $700 tomorrow? Decent bit of data coming out tomorrow, ADP plus retail sales and more, but not sure if it'll have much effect tbh. I'm thinking we've had 3 bad red days in a row, maybe we can get 3 green days too?

zynamiqw

> Does anyone have any real jobs numbers? Despite the Reddit conspiracy theories, Wall Street still broadly trusts all the usual sources of employment figures. BLS, ADP, etc.

HeyYoChill

You know...before you post stupid questions like this, you can attempt to answer it yourself by going to Finviz or some other screener tool. Here's a list, sorted by market cap, of companies -20% (there's no option to select -25% without a subscription) over the last year, within the tech sector only: https://finviz.com/screener.ashx?v=141&f=sec_technology,ta_perf_52w20u&ft=4&o=-marketcap For those too lazy to click the link: SAP, CRM, ACN, QCOM, ARM, INTU, ADBE, NOW, ADP, INFY, MRVL....it goes on for 18 pages x 20 tickers each page.

Slight-Platypus2877

Sources are aligning with Challenger. Look at ADP, Jobless Claims, and JOLTS. Markets became more accepting of private data sources, such as Challenger, during the government shutdown.

Relevant_Farmer3913

Private sources are really more important than ever with the legitimacy of bls numbers being called into question so much. ADP, Revelio, and Challenger reports can paint a pretty fair picture of the jobs outlook, and its not looking good.

ConfederacyOfDunces_

The government still hasn’t released official jobs data because the January 2026 report was conveniently “delayed” due to the partial shutdown. So we’re basically flying blind while they sit on the numbers. Meanwhile, private data did come out this morning, and it’s ugly. U.S. employers announced 108,435 layoffs in January, up 118% year over year and 205% from December. That’s the worst January since 2009. At the same time, companies announced just 5,306 new hires, the lowest January ever recorded. On top of that, ADP showed private sector employment grew by only 22,000 jobs in January, badly missing expectations. So while the government drags its feet on releasing the data, the private numbers are already screaming that the labor market is cracking.

TheGreatestOrator

And the Fed payroll number is almost always higher than ADP, but regardless, there’s a net gain in job jobs

marima33

I'm thinking economic slowdown. Yield curve steepening, ADP jobs report downer, profit-taking on winners, oil down. The selling seems rational so far, so I bought SVOL, but buying SVXY seems too early.

ChronicScroll3r

100% the jobs report was leaked. Gov shutdown merely just delayed when they’ll report it, they’ve got the data already. The ADP report was bad.

Puzzleheaded-Ear-290

I dont have much cash to buy, but when I get paid and the market is still like this, then I am buying: -Intuit -Microsoft -Netflix (If it drops below $75) -McDonald's -Levi's -ADP

Affectionate-Raise-8

Employment numbers were half of what was expected according to ADP

strange_username58

Those ADP job numbers...

Funk-masta-frek

ADP jobs report was ass, tech valuation don’t matter if no one can buy it lmao.

palomadelmar

Really hate ADP, can we compare data from Intuit?

OhMamaWembanyana

The ADP jobs report has the market spooked. Fucking 🥭 and his shit policies.

mrfoof82

__**Here's some important context to keep in mind:**__. In 2005, the US had 293 million residents, which was at a 0.93% growth rate. *(293,000,000* * *(0.93 / 100))* is an increase of ~2,724.900 residents. These people are now 20 years old, so are entering the workforce. So *(2,724,900 / 12)* is +227,075 new working age people per month. The US currently has a 62.3% labor force participation rate. ***(227,025*** * ***(62.3 / 100))*** *brings the number of needed jobs a month at 141,436 to keep employment levels perfectly steady.* Today's payroll report from ADP indicates 22,000 jobs were added to the US market for January. *((22,000 / 141,436)* * *100)* is **only 15.55% of the needed new jobs to maintain employment levels.** **But Goof, why do you use 2005 population/growth numbers?* That's what we have census data for, which is the most accurate count we have for ~18-22 years ago.

itsarmansheikh

Those NYC cost numbers are actually insane. When a power bill hits $800, people stop caring about the 'soft landing' headlines and start worrying about survival. ​You made a great point about the psychological impact. These 'jitters' aren't just numbers on a screen; they lead to a massive pullback in consumer spending. That is exactly why this ADP miss is such a systemic warning. If hiring stalls while the cost of living is still vertical, the economic engine simply runs out of fuel. ​A deep recession is a scary prospect, especially after such an artificial bull run. Thanks for sharing the ground-level perspective.

itsarmansheikh

​it’s funny how you’ve spent more time digging through my post history to find 'Ben 10' threads than actually looking at the ADP macro data. If you think a person can’t have interests outside of finance while building a project, that’s your lack of perspective, not mine. ​Going through a stranger’s profile just to avoid discussing a 50%+ payroll miss is the definition of a 'fucking creep.' The numbers are real, the structural cooling is real, and your inability to stay on topic is also very real. If you have nothing to say about the economy, maybe stick to the subreddits you think I belong in. Markets run on data, not your desperate profile scouting.

itsarmansheikh

Exactly. The 'soft landing' narrative is basically a fairy tale at this point. When you pair restrictive interest rates with sudden tariff overhead, you’re not looking at a landing; you're looking at a structural stall. ​The 50%+ ADP miss is just the market finally being forced to look at the reality that the window isn't just closed—it's shattered. We’re moving beyond 'optimistic projections' into raw damage control now.

itsarmansheikh

It’s honestly sad how some people are so jaded that they think any person with a brain and a data-driven opinion must be a bot. ​You can keep shouting 'AI' into the void all you want, but it won't change the 50% ADP miss or the fact that I’m actually putting in the work to build something. If you find it impossible to believe that a dedicated analyst can track macro trends, that says more about your limits than mine. Stick to the data, or don't—the markets don't care about your skepticism, and neither do I.

itsarmansheikh

Exactly. It’s the new favorite excuse for people who can't handle a data-driven discussion. ​Apparently, having a coherent thesis on the ADP miss (22k vs 48k) is too much for some to process, so they just default to the 'AI' label. It’s a lazy way to avoid talking about the actual macro risks we’re seeing in the labor market right now.

itsarmansheikh

Spot on. The BLS downward revisions from late last year were the first cracks, but this ADP miss (22k vs 48k) feels like the acceleration of that trend. ​While BLS is the official benchmark, ADP gives us a raw look at the private sector's immediate reaction to the current fiscal environment. We’re moving from a 'cooling' phase into a potential 'contraction' phase. The consistency between these two data sets is what should have everyone on edge.

itsarmansheikh

Spot on. Offshoring is the 'silent' factor that these ADP numbers don't fully capture. ​With domestic overhead and tariffs making it expensive to hire locally, firms are moving digital and back-office roles abroad faster than ever. We're seeing a decoupling where a company’s productivity grows, but its domestic payroll shrinks. ​As someone building in the fintech space, I see this shift daily—it's not just about cheaper labor anymore; it’s about bypassing the domestic regulatory and fiscal friction. This 'big wave' you mentioned is going to make the NFP data even more volatile this year.

itsarmansheikh

​I’m not suggesting 3.8% is the only problem, but in an economy already hemorrhaging from trade wars and an AI-inflated bubble, it acts as the 'last straw.' ​When the engine is already stalled, as you put it, even a relatively low rate becomes a mountain for companies struggling with overhead. The ADP data isn't an isolated event; it’s a symptom of the 'convergence of failures' you just described. We aren't disagreeing—I'm just pointing out that the Fed’s lag effect is finally meeting the real-world friction of a broken system.

itsarmansheikh

Exactly. Capital hates a vacuum, but it hates unpredictability even more. When fiscal policy (tariffs) and geopolitical shifts move faster than a business can adjust its supply chain, you get exactly what we see in the ADP miss—hiring freezes and 'wait-and-see' stagnation. It’s impossible for a Founder to plan for the next 5 years when they don’t know who their trade partners will be in 5 months.

Opposite_Engine_6776

DOJ will serve an indictment on ADP for fake and negative data.

itsarmansheikh

ADP is a $100B+ market cap company that processes payroll for over 1 million businesses globally. They report based on actual paychecks being cut, not political opinions. ​Liquidity in the labor market doesn't have a party affiliation—it only has a bottom line. Let's stick to the macro data; the political noise belongs in a different sub.

stonks2rkts

FAKE NEWS. FAKE NEWS. FAKE NEWS. ADP is a well known Obama supporter.

itsarmansheikh

The Fed always says 'no cuts' until the data forces their hand. The market isn't pricing in a cut for this week; it’s pricing in the inevitability of a U-turn. Data like this ADP report is what builds the pressure for that eventual pivot, regardless of the current hawkish rhetoric.

jrex035

>a surge of 74,000 hires in the education and health services category Those two categories are literally the only thing propping up the labor market at all right now, and they're blatantly unsustainable. Conversely, ADP reports **57k** fewer professional services jobs, 8k fewer manufacturing jobs, and 5k fewer information jobs. That's not a good trade at all.

sailortyx56

Per ADP payroll data, manufacturing payrolls have contracted for 32 straight months. lol. [](https://x.com/KevRGordon/status/2019038961549836568/photo/1)

AltMotive3

omg the ADP non farm jobs miss??? 22k vs 45k+ est. for Jan…….

FullCopy

Breaking: ADP reported only 12 jobs created. All were at Wendy’s.

drakilian

Is uber recovering because the ADP jobs report was bad and more unemployed people means they can continur to pay their contractors shit?

GoZukkYourself

ADP employment change was lower than expected in January 🔹 ADP Private Payrolls: 22K vs. 45K est. (41K prior) https://preview.redd.it/jualcdp7bhhg1.jpeg?width=960&format=pjpg&auto=webp&s=a714ccebc84b60aaf6ffafa5133efa32180a4f86 Absolute shit.

d33p7r0ubl3

Oof January ADP jobs report seems way low

jraiv420

ADP private payrolls big miss

fredditf

ADP Nonfarm Employment Change (Jan) 22K vs 46K EST