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ADP Employment Report
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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
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| Released on
8/1/07
For
Jul 2007 |
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ADP Nonfarm Private Payroll Employment
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| Actual |
48,000M/M Difference
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| Previous |
143,000
M/M Difference
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Highlights
In a surprise, ADP's private payroll count for July is low, at a plus 48,000 that contrasts with other indications, including low jobless claims totals, that are pointing to labor market strength. ADP's count is closely watched and is certain to raise suspicions that the 125,000 consensus for Friday's payroll data is on the high side. Treasuries firmed but only very slightly in immediate reaction to the data.
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Trends
![[Chart]](chart.gif)
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The new ADP employment report is aimed at improving payroll forecasts by providing information in advance of the employment report. |
Data Source: Haver Analytics
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