News Summary: ADP making changes to jobs report
CHANGE AFOOT: Automatic Data Processing Inc. said Wednesday that it's making some changes to its monthly U.S. employment report. The changes include adding more industry categories, expanding the number of business class sizes to five from three and increasing the sample size used to create the report.
THE SAMPLE: The report is derived from actual payroll data from a subset of ADP's clients in the U.S. ADP doesn't identify which companies are in the subset.
NEW PARTNER: ADP and Macroeconomic Advisers LLC have mutually agreed to stop collaborating on the ADP National Employment Report. ADP said that it will now work with Moody's Analytics.