Economists on Wednesday expressed significant concerns after new data from global payroll processing firm ADP estimated that the US economy lost 32,000 jobs last month.
Economists on Wednesday expressed significant concerns after new data from global payroll processing firm ADP estimated that the US economy lost 32,000 jobs last month.
You’ve never heard of ADP? OK, I’ll bite because we should all know more and you can be one of the lucky 10,000 today!
They process payments around the world for many of the largest (and smallest) companies. They either integrate with ERP systems of record to do so or directly provide the tax calculation, union dues, deductions and local country/state laws applicable, not to mention calculate what you should be paid in the first place. Some places have insanely complex payroll requirements. Global companies even more so as they have to typically pay thousands or 10’s of thousands across dozens of contries (and their laws). They are a massive company and Publily Traded as ADP. There’s no secret deep state corporation here. In fact they are helping with transparency in an unprecedented government move to hide results of catastrophically poor leadership of our economy. So you are absolutely correct that we should be getting these numbers from the US Bureau of Labor Statistics (and I believe GAO for congress and the like). Trumps administration is blocking numbers being released as they have been done for like 50+ years.
Edit: Oh! I almost forgot… they literally are a payment processor for companies, so they are sending direct deposits to worker’s bank accounts as an authorized agent of their business customers or cutting direct checks (literally mailing them, or sending to a store or office to be handed out) and handling all the bank transfers and financials reporting for those companies.