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ADP Employment Report – Released May 4th, 2022

Published 1 week ago

ADP released their employment report, showing that there were 247,000 job creations in April, which was weaker than estimates of 400,000. There was a positive revision to last month – The March report was revised higher from 455,000 to 479,000 job gains, a total revision of 24,000. Small businesses lost 120,000 jobs, while large businesses saw a gain of 321,000. This shows that small businesses are having a tough time competing with the wage increases demanded by workers in today’s high inflation environment and higher costs.

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