ADP and Macroeconomic Advisers Amicably End Collaboration on ADP
National Employment Report
ADP to Announce Enhancements to ADP National Employment Report
ROSELAND, NJ and ST. LOUIS, MO -- (Marketwire) -- 10/24/12 -- ADP
(R) and Macroeconomic Advisers, LLC, today announced that
Macroeconomic Advisers will no longer partner with ADP in ADP's
production of the ADP National Employment Report(R), ADP's widely
followed monthly gauge of U.S. nonfarm private sector employment. The
two companies announced an amicable end to their collaboration on the
"After a successful six-year collaboration, we have mutually agreed
with Macroeconomic Advisers to part ways as we enter a new era with
the ADP National Employment Report," said Jan Siegmund, Chief
Strategy Officer and President, Added Value Services for ADP. "We
have the highest respect for Macroeconomic Advisers' team, and want
to thank them for their partnership and support during the past six
Launched in 2006, the ADP National Employment Report is a monthly
measure of nonfarm private sector employment derived from actual
payroll data from an anonymous subset of ADP's more than 500,000
clients in the U.S.
"We have enjoyed working with ADP and contributing to the formation
and growth of the ADP National Employment Report. We look forward to
focusing our energies on our newly launched services that are more
directly related to our mission, including our new MacroFinancial
Scenarios Service and our updated macro model," said Joel Prakken,
Senior Managing Director, Macroeconomic Advisers, LLC. "We wish ADP
much continued success with the report."
About Macroeconomic Advisers, LLC
Macroeconomic Advisers, LLC (MA)
has been the most trusted source for U.S. macroeconomic forecasts and
commentary, monetary and fiscal policy analysis, and econometric
modeling for 30 years. MA's clients include leading financial service
firms, nonfinancial corporations, key policymaking agencies of the
U.S. government, as well as State and Foreign Government agencies.
Additional information on Macroeconomic Advisers, LLC is available on
the company's website, www.MacroAdvisers.com.
Automatic Data Processing, Inc. (NASDAQ: ADP), with more
than $10 billion in revenues and approximately 600,000 clients, is
one of the world's largest providers of business outsourcing
solutions. Leveraging over 60 years of experience, ADP offers a wide
range of human resource, payroll, tax and benefits administration
solutions from a single source. ADP's easy-to-use solutions for
employers provide superior value to companies of all types and sizes.
ADP is also a leading provider of integrated computing solutions to
auto, truck, motorcycle, marine, recreational vehicle, and heavy
equipment dealers throughout the world. For more information about
ADP or to contact a local ADP sales office, reach us at
1.800.225.5237 or visit the company's Web site at www.adp.com.
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