2018 Economic Calendar
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ADP Employment Report  
Released On 8/1/2018 8:15:00 AM For Jul, 2018
PriorPrior RevisedConsensusConsensus RangeActual
ADP employment177,000 181,000 173,000 150,000  to 220,000 219,000 

Highlights
ADP has underestimated the strength of the last two employment reports making perhaps today's much higher-than-expected 219,000 result for July a noticeable indication of strength for Friday's report. ADP's estimate compares with a 184,000 consensus for July private payrolls.

Consensus Outlook
Econoday's consensus for ADP's private payroll estimate in July is 173,000 which would compare with 177,000 in ADP's June estimate and against 202,000 in the government's data for June. ADP is always hit or miss and has underestimated the strength of the last two employment reports.

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 ADP employment report, which is based on actual payroll data processed by ADP, is released before the government's employment report and is aimed at improving payroll forecasts.
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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