2018 Economic Calendar
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ADP Employment Report  
Released On 1/31/2018 8:15:00 AM For Jan, 2018
PriorPrior RevisedConsensusConsensus RangeActual
ADP employment250,000 242,000 195,000 160,000  to 235,000 234,000 

Highlights
ADP sees a very strong employment report coming out on Friday, estimating a 234,000 rise in private payrolls. ADP has been running above actual government data which is reflected in the difference in Econoday's consensus calls for each, at 195,000 for today's ADP report and 172,000 for Friday's report. But the bottom line is that ADP, however hit and miss this report can be, sees significant strength for the January employment report.

Consensus Outlook
ADP is always hit and miss and December's call unfortunately was definitely a miss, at an accelerating gain of 250,000 for private payroll growth vs an actual 146,000 and a sharply decelerating gain. The consensus for ADP's private payroll call for January is 195,000.

Definition
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
 
[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
 
 

2018 Release Schedule
Released On: 1/41/313/74/45/25/307/58/19/610/310/3112/5
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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