ADP REPORT - US
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.