US ADP Non-Farm Employment Declines by More Than 20 Million in April
US ADP non-farm employment change posted the biggest decline ever in April, probably
Skerdian Meta•Wednesday, May 6, 2020•1 min read
US ADP non-farm employment posted a strong cool off in November, increasing by only 67k, when it used to increase by around 200k on a monthly basis. But, it came back to those level in the following months, until March, when it turned negative, showing a 27k decline that month, which was revised lower to -149k today.
But, April was going to be much worse, since the lock-down became more severe last month. Today’s report was released a while ago, and it is showing a massive decline of more than 20 million people. This is horrendous. Below is the report for April:
ADP Non-Farm Employment Change Report
- April employment change -20.236M vs -21.00M estimated
- March was revised to -149K vs -27K last month
- Small businesses (less than 50 employees) -6 million
- Median businesses (50 to 499 employees) -5.3 million
- Large businesses greater than 500 employees -9 million
- Record losses and private-sector jobs
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Skerdian Meta
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Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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