2015 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

ADP Employment Report  
Released On 9/2/2015 8:15:00 AM For Aug, 2015
PriorPrior RevisedConsensusConsensus RangeActual
ADP employment185,000 177,000 210,000 190,000  to 227,000 190,000 

Highlights
ADP, like it did for the July employment report, is calling for a sub-200,000 flop on Friday. ADP sees private payrolls rising 190,000 which is a sizable 20,000 below the Econoday consensus and right at the low estimate. ADP is revising down its July call even further lower and farther away from the government's initial reading, to 177,000 vs ADP's initial call for 185,000. The government's private payroll reading was 210,000 in July and is expected to come in at 211,000 in August. However spotty ADP's record is, today's result is very likely to raise talk of a lower-than-expected report on Friday and a December, not a September, FOMC rate hike.

Recent History Of This Indicator
The ADP employment report has not been on target much this year, predicting a flop for what turned out to be a respectable July employment report. Forecasters see ADP's private payroll call at 210,000.

Definition
The ADP national employment report is computed from a subset of ADP records that represent approximately 400,000 U.S. business clients and approximately 23 million U.S. employees working in all private industrial sectors. ADP contracted with Moody’s Analytics 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.  Why Investors Care
 
[Chart]
The new ADP employment report is aimed at improving payroll forecasts by providing information in advance of the employment report.
Data Source: Haver Analytics
 
 

2015 Release Schedule
Released On: 1/72/43/44/15/66/37/18/59/29/3011/412/2
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


powered by  [Econoday]