2018 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

ADP Employment Report  
Released On 3/7/2018 8:15:00 AM For Feb, 2018
PriorPrior RevisedConsensusConsensus RangeActual
ADP employment234,000 244,000 205,000 172,000  to 223,000 235,000 

Highlights
ADP sees a strong employment report for Friday, calling for a 235,000 rise in private payrolls which is well above Econoday's high estimate. But ADP has been running on the high side of the government's data in recent months which will limit the impact of today's results on expectations. Nevertheless another strong employment report, this time for February, would be no surprise.

Consensus Outlook
ADP got back in the win column with a January call that predicted what proved to be solid strength in the government's employment report. ADP has been running above the government's data which is reflected in the difference in Econoday's consensus calls for each, at 205,000 for ADP in February and 195,000 for private payrolls.

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
 


powered by  [Econoday]