2017 Economic Calendar
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ADP Employment Report  
Released On 10/4/2017 8:15:00 AM For Sep, 2017
PriorPrior RevisedConsensusConsensus RangeActual
ADP employment237,000 228,000 140,000 -25,000  to 175,000 135,000 

Highlights
Hurricanes didn't scramble ADP's sample too much in September with their private payroll estimate at 135,000 which is very close to Econoday's consensus for 140,000. The result is down sharply from August but is still constructive and consistent with a strong labor market, especially given the disruptions in Texas from Hurricane Harvey and in Florida from Hurricane Irma.

ADP's estimate for August is revised only modestly lower, down 9,000 to 228,000 which is still far above the government's initial total of 165,000. The spread between these readings hint, however uncertainly, at an upward revision to August data in Friday's employment report.

Econoday's consensus for private payroll growth in Friday's report is 117,000 though the range of estimates is very wide, between 20,000 and 150,000. Watch later this morning for the non-manufacturing report from the Institute For Supply Management whose employment index will offer another indication on what to expect for Friday.

Recent History Of This Indicator
ADP has been very wild in recent months, calling for exceptional acceleration in September private payrolls which actually slowed sharply. In July and June, ADP fell well short of actual growth. The ADP consensus for September is 140,000 vs ADP's 237,000 August call when actual private payrolls rose only 165,000.

Definition
The ADP national employment report is computed from a subset of 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
 
 

2017 Release Schedule
Released On: 1/52/13/84/55/36/17/68/28/3010/411/112/6
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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