A monthly economic report published by Automatic Data Processing (ADP) estimating the change in US private-sector employment. It is released two days before the official Bureau of Labor Statistics jobs report and serves as a leading indicator. Traders closely watch the ADP report for early clues about labor market strength, as surprises can move stock indices, bond yields, and forex pairs.
Example
“The ADP National Employment Report came in well above expectations, causing the dollar to rally sharply ahead of Friday's non-farm payrolls.”