Press Release: “The new ADP National Employment Report (NER) launched today in collaboration with the Stanford Digital Economy Lab. Earlier this spring, the ADP Research Institute paused the NER in order to refine the methodology and design of the report. Part of that evolution was teaming up data scientists at the Stanford Digital Economy Lab to add a new perspective and rigor to the report. The new report uses fine-grained, high-frequency data on jobs and wages to deliver a richer and more useful analysis of the labor market.
Let’s take a look at some of the key changes with the new NER, along with the new ADP® Pay Insights Report.
It’s independent. The key change is that the new ADP NER is an independent measure of the US labor market, rather than a forecast of the BLS monthly jobs number. Jobs report and pay insights are based on anonymized and aggregated payroll data from more than 25 million US employees across 500,000 companies. The new report focuses solely on ADP’s clients and private-sector change…(More)”.