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 2022 Automatic Data Processing Inc Regional Employment Report Call - Media Call Transcript

Jun 02, 2022 / 12:30PM GMT

Release Date Price: $223.71 (+2.00%)

Transcript

Operator

Greetings, and welcome to the ADP National Employment Report Call. (Operator Instructions) As a reminder, this conference is being recorded, Thursday, June 2, 2022.

I would now like to turn the conference over to Joanna DiNizio, please go ahead.

Joanna DiNizio

Automatic Data Processing, Inc. - Director of Public Relations

Good morning, and welcome to the May 2022 ADP National Employment Report Media Conference Call. With us is Nela Richardson, Chief Economist at ADP. Nela will share her thoughts on the May findings, which is derived from ADP's actual data of those who are on a company's payroll and produced in collaboration with Moody's Analytics, and then she'll take as many of your questions as possible before our hard stop at 9:00 a.m. Eastern Time.

Nela, please go ahead.

Nela Richardson

Thanks, Joanna. Good morning, everybody. Private sector payrolls grew by 128,000 on-net in the month of May. As you can understand, this falls well short of the 391,000 average in the first 4 months of the year. Drop

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