Economics
A Key Barometer of the US Job Market Returns With Some Improvements
- New metrics will include median annual pay growth by industry
- ADP says data are independent from BLS private payrolls figure
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ADP Research Institute’s national employment report -- a staple of US labor data ahead of the government’s payrolls release -- will end its months-long hiatus on Wednesday, returning to the mix with updated methodology and a range of wage data.
The revamped report, developed with the Stanford Digital Economy Lab, will include figures on both jobs and pay, ADP said in a statement. It will feature the monthly change in private employment as well as weekly payrolls data for the preceding month. Median annual pay growth by industry, company size, region, gender and age will also now be available each month.