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ADP

[ey-dee-pee]

abbreviation

  1. Also called adenosine diphosphoric acidBiochemistry.,  adenosine diphosphate: an ester of adenosine and pyrophosphoric acid, C 10 H 12 N 5 O 3 H 3 P 2 O 7 , derived from ATP, and serving to transfer energy during glycolysis.

  2. Computers.,  automatic data processing: the processing of data by computers or related devices, using techniques that reduce human intervention to a minimum.



ADP

noun

  1. biochem adenosine diphosphate; a nucleotide derived from ATP with the liberation of energy that is then used in the performance of muscular work

“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

ADP

  1. Short for adenosine diphosphate. An organic compound that is composed of adenosine and two phosphate groups. With the addition of another phosphate group, it is converted to ATP for the storage of energy during cell metabolism. It then forms again, from ATP, when a phosphate group is removed to release energy. Chemical formula: C 10 H 15 N 5 O 10 P 2 .

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More recent data from Bank of America, payroll processor ADP and a number of surveys suggest hiring remained weak in September.

AI is not really like other workplace tools that have come online in recent decades, says Nela Richardson, ADP’s chief economist.

Read more on Barron's

The Fed’s use of ADP data wasn’t a new revelation.

Economists can fill in the gaps, though, with hiring data from payroll processor ADP, jobless claims reported by the states each week and job-opening trackers by private firms such as Indeed.

Read more on MarketWatch

For example, the Fed’s staff economists calculate a measure of private employment using data from payroll-processing company ADP.

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