2017 Economic Calendar
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ADP Employment Report  
Released On 4/5/2017 8:15:00 AM For Mar, 2017
PriorPrior RevisedConsensusConsensus RangeActual
ADP employment298,000 245,000 170,000 110,000  to 200,000 263,000 

Highlights
The March employment report may not prove as impressive as February or January but it still looks to be very strong, based on ADP's 263,000 estimate for private payrolls. The consensus before ADP's result was calling for a 170,000 rise in March private payrolls which would follow gains of 227,000 and 221,000 in the two prior months. Details in the ADP report include a strong 49,000 gain for construction and a 30,000 increase for manufacturing. Professional & business services are another strong positive, up 57,000. This report will ease concern that heavy weather in the mid-month sample week for March may skew Friday's report lower.

Recent History Of This Indicator
ADP's employment estimate not only predicted strength in both February and January payrolls but accurately predicted outlier strength. ADP's private-payroll call won't likely be as strong as February's 298,000, but anything over 200,000 would raise talk of a third strong employment report in a row. Forecasters don't see much strength for ADP's March call, at a consensus 170,000.

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
 
 

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


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