ADP REPORT - US
ADP Non-Farm Employment Change (US)
ADP Employment Stabilizes But With Revisions Down
Starts Wednesday, December 4, 2019 at 13:15
Updated Wednesday, December 4, 2019
The ADP non-farm employment change has been in a range between 220k and 240k on a monthly basis. Although, we have seen employment change fall below the normal range, coming at 160k-170k in April, June, August and then again in November, as last month's report showed. The employment change was expected to cool off to 195k in November, down from 225k in October, but it fell to 179k. In May, we saw a major decline in employment to just 27k which increased fears of economic stagnation in the US, but it has increased consistently in the following months and it was expected to come in at 150k for August. However, it was stronger at 195k, while in September ADP employment came at 135k. That was revised lower as well, to 93k, so all revisions of the last three months have been down. Last month came at 125k, but let's see if that will be revised lower too. Please follow us for coverage of this event live by 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.