ROSELAND, NJ and ST. LOUIS, MO--(Marketwire - Oct 24, 2012) - ADP ® and Macroeconomic Advisers, LLC, today announced that Macroeconomic Advisers will no longer partner with ADP in ADP's production of the ADP National Employment Report®, ADP's widely followed monthly gauge of U.S. nonfarm private sector employment. The two companies announced an amicable end to their collaboration on the report.
"After a successful six-year collaboration, we have mutually agreed with Macroeconomic Advisers to part ways as we enter a new era with the ADP National Employment Report," said Jan Siegmund, Chief Strategy Officer and President, Added Value Services for ADP. "We have the highest respect for Macroeconomic Advisers' team, and want to thank them for their partnership and support during the past six years."
Launched in 2006, the ADP National Employment Report is a monthly measure of nonfarm private sector employment derived from actual payroll data from an anonymous subset of ADP's more than 500,000 clients in the U.S.
"We have enjoyed working with ADP and contributing to the formation and growth of the ADP National Employment Report. We look forward to focusing our energies on our newly launched services that are more directly related to our mission, including our new MacroFinancial Scenarios Service and our updated macro model," said Joel Prakken, Senior Managing Director, Macroeconomic Advisers, LLC. "We wish ADP much continued success with the report."
About Macroeconomic Advisers, LLC
Macroeconomic Advisers, LLC (MA) has been the most trusted source for U.S. macroeconomic forecasts and commentary, monetary and fiscal policy analysis, and econometric modeling for 30 years. MA's clients include leading financial service firms, nonfinancial corporations, key policymaking agencies of the U.S. government, as well as State and Foreign Government agencies. Additional information on Macroeconomic Advisers, LLC is available on the company's website, www.MacroAdvisers.com.
Automatic Data Processing, Inc. (NASDAQ: ADP), with more than $10 billion in revenues and approximately 600,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging over 60 years of experience, ADP offers a wide range of human resource, payroll, tax and benefits administration solutions from a single source. ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company's Web site at www.adp.com.