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Automatic Data Processing Inc (ADP) delivers cloud-based human capital management solutions to businesses worldwide. This dedicated news hub provides investors and professionals with timely updates on corporate developments, regulatory compliance changes, and strategic initiatives shaping the HR technology sector.
Access curated press releases and analysis covering ADP's earnings announcements, product innovations, and strategic partnerships. Our repository simplifies tracking of operational milestones, leadership updates, and service expansions while maintaining strict compliance with financial disclosure standards.
Key coverage areas include workforce management technology advancements, PEO service updates, and regulatory adaptation strategies. Bookmark this page for streamlined access to verified information supporting informed analysis of ADP's market position and industry trends.
The ADP Research Institute has released its Workforce Vitality Report showing a significant 5.8% increase in U.S. wage growth for job switchers year-over-year as of June 2021. Overall wage growth has slowed to 2.3%, down from 6% in Q1 2021. Employment grew 3.5% in June, notably within leisure and hospitality, which posted 13% growth but recorded a -1.39% decline in wages. The report highlights disparities in wage growth across regions, with the Northeast seeing 8% wage growth for switchers, while smaller firms lagged behind larger businesses.
On July 28, 2021, ADP announced the release of the July 2021 findings for the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report on August 4, 2021, at 8:15 a.m. ET. These reports are based on payroll data from 460,000 U.S. clients and nearly 26 million workers. The ADP Small Business Report focuses on businesses with 49 or fewer employees, while the Franchise Report analyzes employment changes among franchises. A media conference call, led by ADP Chief Economist Nela Richardson, will follow the report's release.
ADP announced its fourth quarter fiscal 2021 financial results on July 28, 2021, providing insights into its performance and fiscal 2022 outlook. Key metrics will be available on its website. ADP will also hold a conference call for financial analysts on the same day at 8:30 a.m. ET to discuss these results. Supplemental financial details, including quarterly and annual segment revenues, are accessible online. ADP continues to focus on enhancing its human capital management solutions, designed for better workforce management.
ADP surpassed a key milestone by expanding its Workforce Management client base to over 100,000 clients. This growth is supported by innovations like collaborative scheduling for small businesses and a mobile solution for larger enterprises. ADP enables businesses to address workforce needs, offering features such as skills-based scheduling and AI-enabled forecasting. The company's commitment to optimizing staffing is crucial for navigating the current employment landscape.
According to the June ADP National Employment Report, private sector employment rose by 692,000 jobs from May to June 2021. The growth was notable across various business sizes: 215,000 jobs in small businesses, 236,000 in medium, and 240,000 in large businesses. Service-providing sectors added 624,000 jobs, mainly in leisure and hospitality with 332,000 jobs. Despite this positive trend, total employment is still 7 million jobs short of pre-pandemic levels. The July report will be released on August 4, 2021.
ADP Research Institute will release the June findings of the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report on June 30, 2021, at 8:15 a.m. ET. The ADP Small Business Report focuses on private sector employment data for businesses with 49 or fewer employees. The reports utilize payroll data from 460,000 U.S. clients, encompassing nearly 26 million workers. A media conference call, featuring ADP Chief Economist Nela Richardson, will follow at 8:30 a.m. ET.
ADP (Nasdaq: ADP) will release its financial results for the fourth fiscal quarter ending June 30, 2021, on July 28, 2021, before the Nasdaq opens. A conference call will be held at 8:30 a.m. ET on the same day, featuring CEO Carlos Rodriguez, CFO Kathleen Winters, and VP of Investor Relations Danyal Hussain. Results will be posted on the Investor Relations section of ADP's website, with a news alert indicating their availability. Interested parties can participate via live webcast and view the accompanying slide presentation.
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