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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
12/5/07
For
Nov 2007 |
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ADP Nonfarm Private Payroll Employment
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| Actual |
189,000M/M Difference
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| Previous |
106,000
M/M Difference
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Highlights
ADP estimates that Friday's growth in private payrolls will total an exceptionally strong 189,000, lifted by what it describes as "fairly broad-based" strength including gains in manufacturing, construction, and financial services. The results are a surprise given the recent climb in weekly jobless claims that point to slowing job growth. The results are very likely to lift estimates for Friday's headline non-farm payroll total which was seen climbing only about 65,000. Treasuries slipped slightly and the dollar edged higher in immediate reaction to the results.
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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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