The ADP Employment Report is a monthly economic indicator that provides a measure of the number of private sector jobs added or lost in the United States. It is released by ADP, a payroll processing company, and is considered an important precursor to the monthly non-farm payrolls report, which is released by the US Bureau of Labor Statistics.
The ADP Employment Report is based on data from ADP’s payroll processing system, which covers around 20% of the private sector workforce in the US. The report provides a breakdown of job gains or losses by sector, company size, and geographic region.
The ADP Employment Report is closely watched by investors, economists, and policymakers, as it provides insights into the health of the US labor market and can be used to anticipate changes in employment and economic growth. Changes in employment levels can impact financial markets, as they may indicate changes in the pace of economic growth or contraction.
The ADP Employment Report is typically released on the first Wednesday of each month, with data covering the previous month. While it is not an official government report, it is considered a reliable indicator of employment trends in the private sector.
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