2017 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

ADP Employment Report  
Released On 2/1/2017 8:15:00 AM For Jan, 2017
PriorPrior RevisedConsensusConsensus RangeActual
ADP employment153,000 151,000 168,000 160,000  to 185,000 246,000 

ADP is calling for substantial strength in Friday's employment report, at 246,000 for private payrolls. This is far beyond expectations and would compare with December private payroll growth in the government's report of 144,000 (ADP's count for December is revised slightly lower to 151,000). Today's data follow positive employment indications in yesterday's consumer confidence report and may very well pull expectations higher, at least to a degree, for January's employment report.

Consensus Outlook
ADP's employment estimate overestimated private payroll growth in both November and December, but not by much. Forecasters expect ADP's estimate to come in at 168,000 in what would signal improved strength for the January employment report.

The national employment report from Automated Data Processing Inc. is computed from 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
The new ADP employment report is aimed at improving payroll forecasts by providing information in advance of the employment report.
Data Source: Haver Analytics

2017 Release Schedule
Released On: 1/52/13/84/55/36/17/68/28/3010/411/112/6
Release For: DecJanFebMarAprMayJunJulAugSepOctNov

powered by  [Econoday]