ADP

meteojett

I have partially exited cash gang just now but am holding more than half back. Probably will cash out again in a few weeks. $6k on PATH. Shares not options. 3k each on ADP, CXM, FRSH, G, PATH, PAYC, PCTY, PEGA, TEAM, CHTR, CMCSA. Mostly modestly-sized SaaS companies with a couple oversold telecom companies thrown in.

fledgling66

ADP

josk32

VM any opinions about ADP? Revenue/profit keeps growing

Agile_Effect4164

Yet the hedge funds are fucking up individual retail investors lives shorting indiscriminately off the back of this narrative they’ve invented. INTU, NOW, ADP, TEAM, and so many others have been trashed. I have lost 2/3 of what I had invested in ACN (IT Services, similar story) because of them. I hope they burn in hell, they’ve ruined my life

fledgling66

Added to ADP. I guess I’m a dividend investor now. For growth, I want more Uber. Would like to see it hit mid 60s.

GiGiAGoGroove

Hey Y’all, what’s your current opinion on VYM, Kimberly Clark and ADP? Did quite a bit of reading and they seem like great options. They will go in the brokerages, but are their prices too high? I’m thinking to just jump in and lump it. Thanks!

NisaMiller3674

>So the numbers are typically worse than initially reported in the Trump administration Do you even know what the mean *absolute* revision is? Jesus fucking christ, how are you on a stocks sub? If you want the *directionality*, the mean revision (not mean ABSOLUTE revision) was negative in 2025, 2024, 2023, 2022, 2020, 2017, 2016, 2015, of those years above. So unless you're also willing to extend the exact same critique to Biden in particular, then your argument is shit. >and often don't match what private firms like ADP report. This is fucking hilarious for you to bring up if you care about February's data so much. The BLS currently estimates that the private sector **lost** 86k jobs in February. [See here from the Emp Sit report.](https://imgur.com/a/GZM4OQQ) Meanwhile, ADP currently estimates that the private sector **gained** 66k jobs in February. [See here from their report.](https://imgur.com/a/gmyE5Yp) So do you trust ADP or not? ADP had a positive report in February, but *you* seem to want to take the BLS' February figures over the ADP ones. You can't just pick and choose whichever number is worse when you feel like it. >You sure said a lot of words just to agree with me Not only did I not agree with you **once**, but you **STILL** haven't provided a single example of a month that was advertised to crush expectations but then revised heavily downwards. Why are you here? You are absolutely economically illiterate and clearly do not read the reports this thread is about.

WarOnIce

Complete bullshit from someone who has been looking for a full time gig for 2 years almost. Every company is laying off thousands and yet no one is hiring. We need the ADP numbers to come out and say it’s all bullshit

NisaMiller3674

ADP reported private sector growth in February, while BLS reported that it shrunk. So it goes both ways.

trvlnut

ADP doesn't include public sector jobs.

Cristinky420

Why is ADP reporting 60k? https://adpemploymentreport.com/

NisaMiller3674

Do you trust ADP's February estimate over the BLS' February estimate?

Ok_Syllabub1099

The March 2026 ADP National Employment Report, released on April 1, shows that private sector employment increased by 62,000 jobs. This surpassed the consensus forecast of 40,000, although the growth was highly concentrated in specific industries.

Flat-Opening-7067

Why would anyone believe their numbers at this point? Trump made clear that bad numbers get you fired. We are flying blind here until private data providers fill the vacuum. ADP helps but not enough.

GruntledGary

Lies, they fired the last person to report numbers he didn't like. Wait until they are revised and ADP etc publish real data.

Dangerous-Career5793

Yet the ADP said 62K.  Fake news.

ir1shman

lol ADP says we’re losing jobs but the administration comes out and says we have an unexpected gain… yeahhhhh sure Jan

fledgling66

ADP around $200 is a screaming buy

GornsNotTinny

Jesus and lagomorph leverage aside, don't forget the jobs report comes out tomorrow, and ADP says gains already. Trump can't refuse a toll through the strait. He has no way of stopping it. He can continue airstrikes on Iran, but if Iran says ships that pay can pass, then ships *will* pass. What's Trump gonna do about it? The US is not gonna halt the flow of oil by force. As far as "personal humiliation" goes; he has the attention span of an autistic goldfish, and is surrounded by sycophants. Somebody will hand him a cue card that says this is the biggliest win in the region in decades, we've totally obliterated the nuclear program again, and we're entering a golden age for America because of his courageous actions. Problem solved. I'm generally bearish, but I think tomorrow will be an up day. Monday though; who knows?

Scalpaholic

Jobs report should be good based on the ADP blowout.  And Markets should absolutely crash because of it. Stable employment. Energy inflation on top of 15% Tariff Inflation. 🥭 still in charge. RATE HIKE BABY LFG!!!

YurpeeTheHerpee

ADP report out April 5 Trade balance April 6 GSCPI report out April 8 GDP 3rd revision April 10 CPI index report on April 12 Layer that over the massive wae in Iran and the fact g Hat IRGC just seized all of Iran's government operations (Trump is effectively negotiating with a nobody in that context) Youre one oil tanker in the red sea away from being right back in it.

Dstein99

The retail sales number covered February so before the Iran attack started and is not conducted by the BLS. The jobs numbers that came out today is an ADP jobs number a private company, not the BLS. Corruption/Fraud is a bold claim and I would hope that you would have more justification than I don’t like the headline numbers. I hope for argument sake we can assume that ADP is not corrupted by the government. For retail sales the number came in at +0.6%. The Fed’s mandate isn’t make sure the consumer spends money so if you are trying to lie about Retail Sales to get the fed to cut rates it would need to be a big difference. Looking at anecdotal numbers retail sales were up 3.7% Y/Y, some big changes were sporting good stores up 11.3% Feb 25-Feb 26. In a similar period Jan 25-Jan 26 Dick’s revenue was up 60%, Academy Sports’s revenue was up 2.5%. Motor Vehicle and parts dealers are up 4% Y/Y, Autozone’s revenue is up 8% Y/Y and Advanced Auto’s revenue is down 1.2%. The numbers aren’t perfect because these are anecdotal examples but the numbers don’t look unreasonable that I would suspect Fraud.

HireEddieJordan

Employers face fines and penalties for late fillings. ADP will often file on time and amend reports later, avoiding penalties for their clients and workload for ADP.

Prozeum

150k-200k is needed for a growing economy. In March 2025, 147k jobs were added from the same ADP report.

DapperCam

Does ADP do revisions? Why would they need to? They don’t need to sample the data, they have all the payroll data.

ModeForJoe

PLOT TWIST: ADP classifies OF as health services, so you'd already be in the right place.

_hiddenscout

March ADP Private Payrolls 62K, Exp. 40K, Last 66K Retail sales 0.6%, Exp. 0.5% Retail sales ex auto 0.5%, Exp. 0.3% Control Group 0.5%, Exp. 0.3%

BerryExpress

ADP went full oooph

lettertoelhizb

ADP coming in hot with a solid April Fools joke

caliwillbemine

ADP jobs numbers above expectations. Astounding.

fredditf

ADP Nonfarm Employment Change (Mar) 62K vs 41K EST

DarkR124

ADP report tomorrow followed by NFP on Friday should be interesting. Guessing the numbers will be cooked? Shit job numbers + rocketing inflation is probably a big no go for this administration.

DarkR124

ADP report tomorrow followed by NFP on Friday should be interesting. Guessing the numbers will be cooked? Shit job numbers + rocketing inflation is probably a big no go for this administration.

noahmfs

ADP jobs report will make your April's fool day extra spicy bulls

Altair82

ADP job report tomorrow

noahmfs

Tomorrow we have ADP jobs report trade according to 🥭's economy

CrustyMcNutty

ADP report tomorrow. Yeah I’m holding puts for sure

Altair82

ADP job numbers on Wednesday

dontslambro

We still have this week: JOLTS ADP PMI ISM And Unemployment. Could be -5% week

eskhalaf

**Week of 3/30 Market News and Data** **Hello WSB members, this upcoming week is crowded with crucial labor data reports, also some interesting earnings reports too! ** **Monday 3/30:** - Fed Chair Powell Speaks **Tuesday 3/31:** - Chicago PMI (Mar) - CB Consumer Confidence (Mar) - JOLTS Job Openings (Feb) **Wednesday 4/1:** - ADP Nonfarm Employment Change (Mar) - Retail Sales (MoM) (Feb) - Core Retail Sales (MoM) (Feb) - S&P Global Manufacturing PMI (Mar) - ISM Manufacturing PMI (Mar) - ISM Manufacturing Prices (Mar) - Crude Oil Inventories **Thursday 4/2:** - Initial Jobless Claims **Friday 4/3:** - Average Hourly Earnings (MoM) (Mar) - Nonfarm Payrolls (Mar) - Unemployment Rate (Mar) - S&P Global Services PMI (Mar) ***(Note: US Markets Closed for Good Friday)*** **Have a great week WSBers**

eskhalaf

**Week of 3/30 Market News and Data** **Hello WSB members, this upcoming week is crowded with crucial labor data reports, also some interesting earnings reports too!** **Monday 3/30:** - Fed Chair Powell Speaks **Tuesday 3/31:** - Chicago PMI (Mar) - CB Consumer Confidence (Mar) - JOLTS Job Openings (Feb) **Wednesday 4/1:** - ADP Nonfarm Employment Change (Mar) - Retail Sales (MoM) (Feb) - Core Retail Sales (MoM) (Feb) - S&P Global Manufacturing PMI (Mar) - ISM Manufacturing PMI (Mar) - ISM Manufacturing Prices (Mar) - Crude Oil Inventories **Thursday 4/2:** - Initial Jobless Claims **Friday 4/3:** - Average Hourly Earnings (MoM) (Mar) - Nonfarm Payrolls (Mar) - Unemployment Rate (Mar) - S&P Global Services PMI (Mar) ***(Note: US Markets Closed for Good Friday)*** **Have a great week WSBers**

fledgling66

ADP got added to SCHD

fajadada

They are reported every month by ADP and frequently show how much the government is lying about jobs numbers. They won’t ever release Octobers numbers

skilliard7

> There's little evidence of 1. People have been saying there's a lag for years now. Private payroll data does not show that. ADP has been showing payroll declines for several months now.

Uzunzatu

I bought ADP calls as a helium play recommended by another WSB retard, but the more facilities get taken out the more it goes down.

sailortyx56

US ADP Wkly Employment Change Actual 9k (Previous 15.5k, Revised 14.75k)

Available-Range-5341

Why do some commenters here want a crash so bad. We've had three crashes and one correction in six years + multiple sector crashes. Buy CRM, MSFT, ADP, AXP, and BX if you want a crash. HD was in a crash briefly yesterday too If you can find reasons why you don't want to buy those right now, then you don't truly want a crash because you will find excuses not to buy good companies raking in cash when it actually happens

Vegetable_Hamster

I believe you more than I trust ADP.

HandsomeTod11

ADP glitching hard today. The app, not the stock

LarryStink

Market taking taco for face value on iran is the same kind of denial as the guys who think the bartender being nice to them means she likes them.  Meanwhile force makers popping up left and right, the war rages on, and credit market is silently freaking the fuck out. Credit spreads are absolutely tearing, and the st Louis fed financial stress index is showing signs of concern. Weekly ADP tomorrow morning, sleep tight bols. And another note, the 6700 puts were monetized and rolled, meaning the 6700 support is now diminished and market can move through it without resistance. 

PristineDiscount3208

ADP result is gonna be shit

Available-Range-5341

And alot of the "buy now at any price" crowd hasn't lose $5K, $10K in a week, right after investing. It is literally burning money. There is no reason to rush into stuff either. Look what would've happened if you rushed into consumer staples last year. You'd have lost 15%. If you went into CRM or MSFT or ADP two months ago, you'd be down 20%, etc.

strolls

ADP payroll processing, IDXX veterinary diagnostics and Sealed Air Corp - is this the Fundsmith company Slack?

WearyHoney1150

ADP is literally the first to be replaced with AI

No-Compote-696

Also ADP's data which is generally considered pretty reliable as far as private sector goes advised the January numbers were over-inflated by 100k+ jobs, in reality only < 12k jobs were added, and Dec was revised to be -17k jobs by the BLS so basically... since Trump has taken office, the only industries that have been hiring are construction (AI Data center builds and that bubble is popping right now), and health care (and that will start backsliding as soon as the the gov't stops funding fully), remember we just cut $46 Billion from the Medicare budget and that goes up year over year til 2034, a cut of about 5% this year

oldsol88

ADP will be made extinct by AI and Waste Management margins will be nil with the increased fuel charges.

nomtnhigh

We use ADP for payroll and I hate it with such a passion I’m not sure I could stomach holding it as a stock. Although maybe if I was making money off of it I’d warm to it a little more.

I_Hate_Philly

It’s weird how cheap ADP is right now. I don’t buy individual stocks, but it’s down 30% yoy and it’s beating all of its targets consistently. To think AI is going to tank them seems odd. Mistakes in payroll and benefits hurt… not sure who is trusting AI with all that without established tools.

Yogurt_Up_My_Nose

never look at ADP's number

tinydisaster

ADP back adjusts their data because it’s so bad to BLS.

Ok-Application5904

Trying to follow employment data is such a rollercoaster. A couple days go, ADP released a report that made it seem like job numbers were up in February. Now we are learning that there were almost 100k job losses. Anecdotally, it's easy to see the employment situation is not good, but the conflicting narratives are still annoying

Sharkbait_ooohaha

I don’t think they do. The ADP just tracks job creation statistics, it doesn’t predict anything it’s just another data point. Why were the economists wrong? Well largely because job creation numbers have been pretty solid for the last year or so so it was expected to continue. There’s a lot of debate and no good explanation for why everyone has felt so bad about the economy for the last 4 years in spite of the data being largely good. There’s average joe is picking up something about the economy they don’t like but we don’t know exactly what it is.

Spezalt4

Why is it the average Joe has a better feel for the direction of the economy than the ADP (whoever that is) and the economists? As stated below, normal people expected this

Available-Range-5341

shot in the dark, but has anyone ever found where ADP report revisions are? I've given up. Maybe I can't google. Should not be this hard to dig out information in the age of AI

Prestigious_Ape

I was award a couple hundred shares of ADP as a sales executive that I still own since 1999.

Albertuscamus12

Damn and a few days ago ADP was reporting the highest increase in jobs. Wonder if that'll be revised down now? Data seems unreliable these days

papermarchmellow

I work at ADP and have access to a 30 million employee data set. Next 12 months will be very interesting.

hpygilmr

BS! Private sector payroll employment rose by 63,000 in February 2026, according to ADP's national employment report, marking a strong rebound from a revised 11,000 gain in January and exceeding economists' forecast of 43,000. This was the strongest private sector hiring in seven months.

retard_trader

Illegal workers probably don't get reported to ADP lol

mooptastic

Isn't this data from ADP? The largest payroll processing company in the US? Why would they need government numbers when they can just look at their own reports?

Sharkbait_ooohaha

The ADP report had us adding 63,000 jobs and economists predicted about the same. This was definitely unexpected.

95Daphne

This wasn't ADP though, it was the government report. The odd thing is that the ADP was good and it's typically undershot the government report.

Put_Er_There_Sport

Was just saying yesterday that ADP is gonna tank us and got down voted for it. Lmao

PutSpreadDaddi69

Sorry, ADF not ADP

PutSpreadDaddi69

ADP dark pool settlement

PutSpreadDaddi69

Stopping by to say for the 9000th time that 8 AM candles always act like that. ADP (dark pool) trade settlement. Nothing you’re seeing is happening now

RamCockUpMyAss

ADP is private my son

Current_Animator7546

So now ADP is cooked? lol

RamCockUpMyAss

ADP report looked strong yesterday, not sure what you mean

fledgling66

Trimmed the top of my ADP. Boy do I feel clever for buying it. 4% of my portfolio now with a cost basis of $213

CageTheFox

“If you just takeout a huge part of the US economy, the number isn’t as impressive” what? Are those not jobs with paychecks? Bears upset their puts got fucked and will pull any bs they can. Subs so regarded anymore they don’t even understand this is ADP and not the current government…

RamCockUpMyAss

ADP showing best monthly jobs posting since July - not sure if this will pump the markets though if it could affect rate cut potential. Possibly a minor pump regardless, hopefully you bought the dip yesterday morning as I told you to. Bears can't seem to catch a win no matter what happens

Sweaty_Platypus69

Bound to happen, when you see -1000 Dow, the following day is usually bargain buying. Also ADP job market is showing "good" numbers. But white collar jobs are getting rekt hard.

80MonkeyMan

And it’s not just ADP…the whole gang were told to do this or make something good, else…

New_Performer8966

Stocks go to when companies do layoffs, so time to short 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.