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 5/2/07 For Apr 2007 | ||||||||
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Highlights
ADP is calling for an April slowdown in private payroll growth, at 64,000 vs. actual growth of 157,000 in March. ADP's call in March was on the low side, at 106,000 that has been revised lower to 98,000. ADP's sample, though huge, is drawn from its customer base which is dominated by large, highly profitable companies. Treasuries firmed slightly and the dollar eased slightly in reaction to the report.
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The new ADP employment report is aimed at improving payroll forecasts by providing information in advance of the employment report. |
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