Time: 12:15 pm GMT, Morocco time: 2:15 hours, Egypt time: 3:15 hours, Saudi time: 3:15 hours, Emirates time: 5:15 hours
Previous: 192K Expected: 173K Actual: 152K
ADP Nonfarm Employment Change Index?
The ADP Non-Farm Employment Change Index is an economic indicator used to measure changes in the number of non-farm payrolls in the private sector in the United States of America. This index is released on a monthly basis by ADP Corporation and aims to provide investors and economic analysts with important information about the state of the labor market in the United States.
The ADP index is calculated by analyzing data collected from companies that use ADP’s payroll and employment management services. This data includes information about the number of new employees, existing employees, employees who have been fired, and employees whose employment status has changed.
The US government uses this indicator as one of the important factors for assessing the health and trends of the economy. This indicator is considered one of the main indicators of employment in the private sector in the United States, and it is used in market analyzes and investment decision-making.
If the monthly release of the ADP indicator is lower than expected, it indicates a decline in the number of non-farm payrolls in the private sector in the US, which means that the economy is facing difficulties and the labor market is declining. This decline could affect investments and confidence in the economy, and thus may lead to a decline in economic growth.
The impact of the American Non-Farm Employment Change Index (ADP) on the US dollar in Forex?
The ADP Non-Farm Employment Change can have a significant impact on USD forex trading.
When the ADP Nonfarm Payrolls Change is released, traders and investors are watching the data closely for signs of strength or weakness in the US labor market. if the ADP Nonfarm Payrolls shows a weaker-than-expected number, it is seen as a sign of a struggling economy and could lead to lower demand for the US dollar. Decreased demand can lead to a depreciation of the currency in the forex market.
In addition to its immediate impact, the ADP Non-Farm Employment Change could have a long-term impact on USD forex trading. The data in this report could influence decisions made by the Federal Reserve Board, which is responsible for setting interest rates in the United States. If the report shows a strong job market, it could lead the Federal Reserve to increase interest rates to prevent the economy from overheating and to keep inflation in check. This can lead to an increase in demand for US dollars, further boosting the value of the currency in the forex market.
The agency behind the ADP Non-Farm Employment Change Index
The ADP Non-Farm Employment Change Report is produced by the Payroll Processing and Automatic Data Processing (ADP) company. ADP is a leading provider of payroll, human resources and benefits administration services to businesses of all sizes. The company was founded in 1949 and is headquartered in New Jersey, USA.
ADP uses a proprietary methodology to analyze the data and produce an estimate of the total number of non-farm payrolls added or lost during the month. The methodology used by ADP was designed to be consistent with the methodology used by the US Bureau of Labor Statistics (BLS) in producing the official Nonfarm Payrolls report, which was released two days after the ADP report.
While the ADP Nonfarm Employment Change is not an official government report, it is considered a reliable indicator of the health of the US labor market.
The date of the US Nonfarm Employment Change (ADP) index
The ADP National Employment Report, which includes ADP non-farm employment change data, is usually released on the first Wednesday of each month. However, the release date may be adjusted in the event of holidays or other events. It is important to check the official ADP website or financial news sources for the latest release date and time.
Next release
Jul 3, 2024
