Automatic Data Processing Inc (NAS:ADP)

$ 296.46 2.31 (0.79%) Market Cap: 119.85 Bil Enterprise Value: 121.81 Bil PE Ratio: 31.39 PB Ratio: 22.42 GF Score: 95/100

May 2019 Automatic Data Processing Inc National Employment Report Call - Media Call Transcript

Jun 05, 2019 / 12:30PM GMT

Release Date Price: $162.65 (+2.01%)

Transcript

Operator

Greetings, and welcome to the ADP National Employment Report Call. (Operator Instructions) As a reminder, this call is being recorded Wednesday, June 5, 2019.

I would now like to turn the call over to Joanna DiNizio, Director of Public Relations. Please go ahead.

Joanna DiNizio

Automatic Data Processing, Inc. - Director of Public Relations

Good morning, and welcome to the May 2019 ADP National Employment Report media conference call. With us is Mark Zandi, chief economist at Moody's Analytics. Mark will share his thoughts on the May findings and then he'll take as many of your questions as possible before our hard stop at 9:00 a.m. Eastern Time.

Mark, please go ahead.

Mark Mansur Zandi;s Analytics

Moody;Inc. - Chief Economist

' -

Thanks, Joanna. Good morning, everyone. May was a pretty tough month for the job market. Job growth slowed sharply. ADP is reporting a gain in private payrolls in the month of 27,000.

The weakness in job -- the job market was broad

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