Track US ADP Non-Farm Employment Change to gauge early employment trends influencing consumer spending and economic activity.
Job creation serves as a vital leading indicator of consumer spending, which represents a large portion of total economic activity. This data offers an early insight into employment growth, typically available two days prior to the government's employment report that it aims to replicate. The source modified its series calculation formula in February 2007, December 2008, and November 2012 to better align with government statistics.
What it Measures
The estimated change in employment figures for the previous month, excluding agricultural and government jobs.
Usual Effect
'Actual' results that exceed 'Forecast' are favorable for the currency.
Source & Frequency
Automatic Data Processing, Inc. (latest release) - https://adpemploymentreport.com/ • Data is published monthly, generally on the first Wednesday following the conclusion of the month.
How Data is Derived
ADP analyzes payroll data from more than 26 million workers to derive employment growth estimations
Also Known As
N/A
Acronym
Automatic Data Processing, Inc. (ADP)