Automatic Data Processing Inc (NAS:ADP)

$ 306.93 0.01 (0%) Market Cap: 125.06 Bil Enterprise Value: 127.06 Bil PE Ratio: 32.76 PB Ratio: 23.39 GF Score: 95/100

March 2019 Automatic Data Processing Inc National Employment Report - Media Call Transcript

Apr 03, 2019 / 12:30PM GMT

Release Date Price: $161.1 (-0.21%)

Transcript

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the ADP National Employment Report Call. (Operator Instructions) As a reminder, this conference is being recorded Wednesday, April 3, 2019.

I would now like to turn the conference over to Allyce Hackmann with ADP. Please go ahead.

Allyce Hackmann

Automatic Data Processing, Inc. - Senior Director of Public Relations

Thank you. Good morning, and welcome to the March 2019 ADP National Employment Report Media Conference Call. With us is Mark Zandi, Chief Economist at Moody's Analytics. Mark will share his thoughts on the March findings and then he'll take as many of your questions as possible before our hard stop at 9:00 a.m. Eastern. Mark, please go ahead.

Mark Mansur Zandi;s Analytics

Moody;Inc. - Chief Economist

' -

Thank you, Allyce. Good morning, everyone. It was a disappointing report. Job growth, according to ADP, has slowed meaningfully since late last year. 129,000 jobs created during the month of March. We had -- are

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