ADP REPORT - US
ADP Non-Farm Employment Change (US)
Slowing Trend for US ADP Employment
Starts Wednesday, October 17, 2018 at 03:27
Updated Tuesday, October 2, 2018
The ADP employment change has been slowing this year, coming down from around 230k-250k at the begining of the year to 163k last month. We saw a sudden jump in July as shown in August's report but September's report showed a return to the slowing trend. This week's ADP report is expected to show a 187k increase in new jobs which would be welcomed by the market since it would bring this indicator away from the slowing trend, but it is unlikely to have much impact on the USD unless the actual number comes above 200k.Please follow us for coverage of this event live and the impact it might have on the currency experienced market analysts.
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About ADP Non-Farm Employment Change (US)
Developed by the ADP Research Institute, the ADP Non-Farm Employment Report provides a picture of the private sector jobs situation in the United States. Released on a monthly basis, it is an estimate of the change in number of people employed in the U.S. The agricultural industry and government are excluded from the calculation.The timing of the ADP Non-Farm Employment Report is typically several business days before the U.S. Department of Labor and Statistics releases its Non-Farm Payrolls brief. The ADP is a market mover for the USD due to the fact that employment levels are a key driver of aggregate economic growth.A lower than expected number is commonly interpreted as bearish for the USD, while a high number is bullish.