2017 Economic Calendar
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ADP Employment Report  
Released On 1/5/2017 8:15:00 AM For Dec, 2016
PriorPrior RevisedConsensusConsensus RangeActual
ADP employment216,000 215,000 172,000 160,000  to 185,000 153,000 

Highlights
ADP is pointing to a softer-than-expected employment report on Friday. ADP's estimate for private payrolls is 153,000, a still respectable level of growth but noticeably below the Econoday consensus for 172,000. Private payroll growth in Friday's December employment report from the government is expected to come in at 165,000 with total nonfarm payroll growth at 175,000.

Recent History Of This Indicator
ADP's employment estimate had a good year, accurately forecasting directional shifts in private payrolls more times than not. But ADP called for unusual strength in November which, at 156,000 in the government's data, proved solid but not spectacular. Forecasters see ADP's call for December coming in at 172,000 in a result that would provide a solid base for the government's report.

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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