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What is ADP Non-Farm Employment Change?

Posted by NIFM
ADP Non-Farm Employment Change: This data provides an early look at employment growth, usually 2 days ahead of the government-released employment data that it's designed to mimic. Source changed series calculation formula in Feb 2007, Dec 2008, and Nov 2012, to better align with government data. It is measures change in the number of employed people during the previous month, excluding the farming government and industry. If Data comes: Actual > Forecast = Good for currency. It is Released monthly, about 2 days after the month ends. It is analyze on around 4,00,000 customers to derive employment growth estimations by ADP provides payroll services to US corporations.

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