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

ADP Employment Report  
Released On 6/1/2017 8:15:00 AM For May, 2017
PriorPrior RevisedConsensusConsensus RangeActual
ADP employment177,000 174,000 170,000 155,000  to 195,000 253,000 

Highlights
On the strong side this year, ADP is calling for a resumption of outsized employment gains, at 253,000 for private payrolls in tomorrow's May employment report vs Econoday's consensus for 172,000 (Econoday's consensus has since moved to 173,500 following ADP's report). ADP has been hitting and missing this year, making remarkably good calls for oversized strength in January and February followed by a very bad call for a third month of strength in March, a month that came up well short. ADP's call for April was respectably accurate, at 177,000 (now revised to 174,000) vs actual private payroll growth of 194,000.

Recent History Of This Indicator
ADP is still in the dog house after its big miss in March when it called for great strength in payrolls that turned out soft. Forecasters see ADP's call for May coming in at a consensus 170,000 vs 177,000 in April.

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
 


powered by  [Econoday]