Econoday Report: ADP Employment Report 3, 2007

<%@ Language=VBScript %> Econoday Report: ADP Employment Report 3, 2007

ADP Employment Report

Definition
The ADP national employment report is computed from a subset of ADP records that in the last six months of 2006, represented approximately 364,000 U.S. business clients and approximately 22 million U.S. employees working in all private industrial sectors. The data are collected for pay periods that can be interpolated to include the week of the 12th of each month, and processed with statistical methodologies similar to those used by the U.S. Bureau of Labor Statistics to compute employment from its monthly survey of establishments. ADP contracted with Macroeconomic Advisors to compute a monthly report that would ultimately help to predict monthly nonfarm payrolls from the Bureau of Labor Statistic's employment situation. The ADP report only covers private (excluding government) payrolls at this time. (Automatic Data Processing (ADP)/Macroeconomic Advisers) Why Investors Care

Released on 1/3/07 For Dec 2006

ADP Nonfarm Private Payroll Employment
Actual	-40,000M/M Difference
Previous	158,000 M/M Difference

Highlights
Treasuries immediately rallied and the dollar immediately dipped in reaction to a surprising 40,000 dip in ADP's private payroll estimate for December. The report said the drop indicates an abrupt slowing in employment. The ADP report is proving a high-powered new entry on the economic calendar, and weak readings in Friday's employment report would help boost its reputation.

Trends

The new ADP employment report is aimed at improving payroll forecasts by providing information in advance of the employment report.

Data Source: Haver Analytics

2007 Release Schedule

Released On: 1/3 1/31 3/7 4/4 5/2 5/30 7/5 8/1 9/5 10/3 10/31 12/5

Released For: Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov