Track the CA ADP Non-Farm Employment Change, a key indicator of consumer spending and economic activity.
Employment growth serves as a key leading indicator of consumer spending, which constitutes a substantial portion of overall economic activity. This source was first introduced in November 2017 and ceased publication in January 2022.
What it Measures
Estimated changes in the number of employed individuals, excluding those in the agricultural sector.
Usual Effect
When the 'Actual' value surpasses the 'Forecast', it is considered favorable for the currency.
Source & Frequency
Automatic Data Processing, Inc. (latest release) - https://www.adp.ca/ • Data is released monthly, on the third Thursday following the end of the month.
How Data is Derived
ADP analyzes payroll data from more than 2 million workers to derive employment growth estimations
Also Known As
ADP Canada National Employment Report
Acronym
Automatic Data Processing, Inc. (ADP)