Automatic Data Processing, Inc. (ADP)
Gold price struggling as ADP shows US economy created 143K jobs in September
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Gold price struggling as ADP shows US economy created 143K jobs in September
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Nonfarm Payrolls Fall Short of Expectations
This morning, the long-awaited Employment Situation report of non-farm payrolls from the U.S. Bureau of Labor Statistics (BLS) is out, with numbers perhaps stronger than the “whisper number” on Wall Street, but nevertheless weakening over the course of the year. Headline +142K was lower than the consensus +160K expected, but notably higher than the +99K from the ADP ADP private-sector August payrolls yesterday.
Jobs Report, Revisions Lower: 50 bps Cut in the Cards?
Headline BLS is -19K below expectations, and we also see fairly drastic downward revisions for both June and July.
10 Dividend Blue-Chip Bargains To Potentially Profit From This Irrational Market Freakout
Joel Greenblatt's Magic Formula combines value and quality investing. By focusing on earnings yield and return on capital, it has achieved 40% annual returns for 21 years. The market's recent selloff, driven by weak manufacturing data, is an opportunity to buy high-quality undervalued dividend blue-chip stocks using Joel Greenblatt's Magic Formula. September's market volatility is average. Focus on long-term investment strategies rather than knee-jerk reactions to short-term data.
Automatic Data Processing: Dividend Growth With Operational Leverage
ADP has outperformed the S&P 500 with an 11.88% return in the past 6 months, driven by strong annual results and future prospects. ADP's migration to the cloud and the new Next Gen platform enhances margins, retention, and operational leverage, boosting profitability. Financials show a 6.6% sales increase, 13.1% EBIT growth, and a 10.3% EPS rise, with a strong ROCE of 47% and minimal debt.
Automatic Data Processing, Inc. (ADP) Citi's 2024 Global TMT Conference (Transcript)
Automatic Data Processing, Inc. (NASDAQ:ADP ) Citi's 2024 Global TMT Conference September 5, 2024 10:50 AM ET Company Participants Joe DeSilva - Executive Vice President, Global Sales Conference Call Participants Peter Christiansen - Citi Investment Research Peter Christiansen Good morning, everyone. My name is Pete Christiansen.
ADP Payrolls Lower Than Expected
Without much ado, we have lots of economic data out ahead of the opening bell this morning, plenty of which will add to whether interest rates are ready to come down by an incremental 25 basis points (bps) or a more significant 50 bps. Our analysis won't be complete until we see non-farm payrolls reported Friday morning, but these figures bring us closer to what we need to know.
Inflation Controlled: ADP, Labor Costs, Jobless Claims
While ADP shows only 99K jobs filled last month, Unit Labor Costs came in half of expectations.
ADP: Private Sector Job Creation Slows for Fifth Consecutive Month
The labor market continued to cool in August, with job creation among private employers slowing for the fifth consecutive month and wage growth remaining flat. So said human resources (HR) and payroll solution provider ADP in the August ADP National Employment Report released Thursday (Sept.
Gold prices climb higher after ADP says private sector created 99K jobs in August
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Gold (XAU) Price Forecast: Bullish Setup Ahead of ADP Jobs Report and Fed Rate Cut Bets
Gold nears $2,531.77 as Fed rate cut expectations rise after weak U.S. job data. Traders look to today's ADP report for further clues on gold's future direction.
