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Stock impact report

ADP(R) Workforce Vitality Report Q4 2017 Shows Steady Wage Growth

Automatic Data Processing, Inc. (ADP) 
Last automatic data processing, inc. earnings: 4/29 06:56 am Check Earnings Report
US:NASDAQ Investor Relations: investors.adp.com
Company Research Source: Marketwire
ROSELAND, NJ -- (Marketwired) -- 01/17/18 -- According to the ADP Workforce Vitality Report, overall wage growth increased by 2.0 percent year over year across all industries in the fourth quarter of 2017 and is slightly less than the 2.4 percent growth in wages reported by the U.S. Bureau of Labor Statistics (BLS). The ADP Workforce Vitality Report tracks the same set of workers over time, which provides a more insightful picture of wage growth than overall wage growth. This set of workers includes job holders, who stayed in their same job for at least one year, and those who changed jobs, referred to as job switchers. Job holders' wages grew by 4.3 percent and job switchers' wages grew slightly less by 3.3 percent year over year in the fourth quarter. On average, job holders' hourly wage levels were $10 more than that of job switchers'. Tracking full-time workers alone, job switchers increased their wages by an average of 4.9 percent when compared to job holders, who saw th Show less Read more
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