Automatic Data Processing Inc (XTER:ADP)

€ 246.8 -1.95 (-0.78%) Market Cap: 101.02 Bil Enterprise Value: 101.73 Bil PE Ratio: 32.74 PB Ratio: 23.38 GF Score: 74/100

February 2022 Automatic Data Processing Inc National Employment Report Call - Media Call Transcript

Mar 02, 2022 / 01:30PM GMT

Release Date Price: €185.66 (+1.79%)

Transcript

Operator

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

I would now like to turn the conference over to Joanna DiNizio with ADP. Please go ahead.

Joanna DiNizio

Automatic Data Processing, Inc. - Director of Public Relations

Good morning, and welcome to the February 2022 ADP National Employment Report Media Conference Call. With us is Nela Richardson, Chief Economist at ADP. Nela will share her thoughts on the February finding, 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.

In February, private sector payrolls grew by 475,000 on net. Additionally, in a yearly process co-developed with Moody's, the February report

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