The Latest Breaking News from ADP

Oil prices rose Thursday despite an agreement by major crude producers to boost output more than expected, while US stocks rallied ahead of closely-watched employment data seen as a key input to the inflation debate. In Vienna, the OPEC+ group decided to add 648,000 barrels per day to the market…

U.S. companies in May added the fewest jobs since the pandemic recovery began, a private report showed, suggesting employers struggled to recruit and retain workers in the month despite a near-record level of job openings.

The Challenger job-cut report for May is scheduled for release at 7:30 a.m. ET. The ADP national employment report for May will be released at 8:15 a.m. ET. Analysts expect private payrolls rising 240,000 in May following a 247,000 increase in the previous month.

Automatic Data Processing (NASDAQ:ADP) has outperformed the market over the past 15 years by 3.68% on an annualized basis producing an average annual return of 10.45%. Currently, Automatic Data Processing has a market capitalization of $92.97 billion.

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People in Scotland who receive Personal Independence Payment who are due a review this year have been issued an update regarding the transfer over to the new ADP benefit

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The Department for Work and Pensions has confirmed the exact date this summer from which people living in Scotland should stop applying for Personal Independence Payment

U.S. companies added in April the fewest jobs in the pandemic recovery, underscoring the persistent challenges faced by small firms to increase headcount in a tight labor market.

The MBA's index of mortgage application activity for the latest week is scheduled for release at 7:00 a.m. ET. The ADP national employment report for April will be released at 8:15 a.m. ET. Analysts expect private payrolls increasing 398,000 in April following a 455,000 increase in the previous month.

Automatic Data Processing, Inc (NASDAQ:ADP) reported third-quarter FY22 revenue growth of 10% year-on-year to $4.51 billion, beating the consensus of $4.46 billion. Employer services revenue rose 8% Y/Y to $3 billion, PEO services revenue grew 14% Y/Y to $1.51 billion. Non-GAAP EPS of $2.21 beat the consensus of $2.08. The adjusted EBIT margin…