ADP and Moody's Analytics Enhance ADP National Employment

ADP and Moody's Analytics Enhance ADP National Employment Report 
ADP Research Institute to Unveil More Robust Monthly Gauge of U.S.
Nonfarm Private Sector Employment Beginning November 1 
ROSELAND, NJ -- (Marketwire) -- 10/24/12 --  ADP(R), a leader in
human capital management services, and Moody's Analytics, a leading
independent provider of economic forecasting, today announced
enhancements to the ADP National Employment Report(R), ADP's widely
followed gauge of U.S. nonfarm private sector employment.  
The newly expanded ADP National Employment Report will be issued each
month by the ADP Research Institute(SM), a specialized group within
ADP that provides insights around employment trends and workforce
strategy. The first enhanced monthly report issued in collaboration
with Moody's Analytics will be released on November 1, and will
report private payroll changes for the month of October 2012. 
"Our new strategic collaboration with Moody's Analytics marks the
beginning of an exciting stage in the evolution of the ADP National
Employment Report, as we work to offer an even deeper, richer and
more illuminating look at U.S. monthly employment," said Jan
Siegmund, Chief Strategy Officer, ADP. "Moody's Analytics is one of
the most trusted names in economic forecasting with a vast and
dedicated research team focused on national and regional U.S.
employment trends. This team is led by their Chief Economist Mark
Zandi, one of the world's most respected labor market experts. We
look forward to working closely with the Moody's Analytics team to
provide an insightful analysis of the changes in the U.S. labor
This new collaboration allows the ADP National Employment Report to
increase the number of industry categories reported and expands the
number of business sizes reported each month. Other key enhancements
of the report include the development of a new methodology to further
align with the final, revised U.S. Bureau of Labor Statistics (BLS)
numbers. A look back at historical data from 2001 to present using
the new methodology shows a very strong correlation (96%) with the
revised BLS numbers. In addition, the overall sample size used to
create the report has been increased from 344,000 U.S. companies to
406,000, and from 21 million employees to 23 
million; which accounts
for more than 20% of all U.S. private sector employees. Originally
launched in 2006, the ADP National Employment Report is a derived
from actual payroll data from an anonymous subset of ADP's clients in
the U.S. 
"The ADP National Employment Report is derived from transactional
payroll data and not just survey data, making it a powerful labor
market indicator," said Mark Zandi, Chief Economist at Moody's
Analytics. "Drawing from this input and the national and regional
knowledge provided by Moody's Analytics' dedicated team of
economists, we are enhancing the monthly report, which we are
confident will further align the ADP National Employment Report
findings with the BLS's fully revised numbers."  
The previous report provided three company-size classes. The enhanced
ADP National Employment Report offers data according to five
company-size classes: 

--  1-19 employees
--  20-49 employees
--  50-499 employees
--  500-999 employees
--  1000 or more employees

In addition, the enhanced report will provide an expanded snapshot of
the monthly change in nonfarm private sector employment by moving
from reporting on three industries to five industries. The five
industries reported constitute more than 50% of all U.S. private
sector employment. The industries are aligned with the North American
Industrial Classification System (NAICS), the system endorsed by the
U.S. Bureau of Labor Statistics. The five industries are: 

--  Construction
--  Financial Activities
--  Manufacturing
--  Professional and Business Services
--  Trade, Transportation and Utilities

Educational Webinars
 To provide a detailed educational overview of the
ADP National Employment Report's new methodology, ADP and Moody's
Analytics will host a series of interactive, one-hour webinars on the
following days. Interested parties are welcome to attend any one of
the events, and are encouraged to join no later than five minutes
prior to the start of each event. 
Friday, October 26, 2012 - 1:30 p.m. ET 
Webcast Link:
Dial-In Information:
 Toll-Free: (877) 736-3442
 International: (706)
 Conference ID/Passcode: 53325973 
Monday, October 29, 2012 - 4:00 p.m. ET 
Webcast Link:
Dial-In Information:
 Toll-Free: (877) 736-3442
 International: (706)
 Conference ID/Passcode: 53343996 
Tuesday, October 30, 2012 - 2:00 p.m. ET 
Webcast Link:
Dial-In Information:
 Toll-Free: (877) 736-3442
 International: (706)
 Conference ID/Passcode: 53358311 
Please note: A replay of each webcast will be available approximately
two hours after the conclusion of each event and remain available for
12 months. These can be accessed using the same webcast URL's listed.
A teleconference replay of all three webinars will also be available
through November 9 by calling either (855) 859-2056 or (404)
537-3406, and then entering any one of the passcodes listed above. 
For additional information about the ADP National Employment Report,
including a sample report, charts, supporting data and a publishing
schedule for future release dates, or to subscribe to the monthly
email alerts and RSS feeds, please visit  
The October 2012 ADP National Employment Report will be released at
8:15 a.m. ET on Thursday, November 1, 2012. 
About Moody's Analytics 
 Moody's Analytics helps capital markets and
risk management professionals worldwide respond to an evolving
marketplace with confidence. The company offers unique tools and best
practices for measuring and managing risk through expertise and
experience in credit analysis, economic research and financial risk
management. By providing leading-edge software, advisory services and
research, including the proprietary analysis of Moody's Investors
Service, Moody's Analytics integrates and customizes its offerings to
address specific business challenges. Moody's Analytics is a
subsidiary of Moody's Corporation (NYSE: MCO), which reported revenue
of $2.3 billion in 2011, employs approximately 6,500 people worldwide
and has a presence in 28 countries. Further information is available
About ADP
 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 
Michael Schneider
(973) 567-1775 
Michael Adler
Moody's Analytics
(212) 553-4667 
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