2018 Economic Calendar
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ADP Employment Report  
Released On 5/30/2018 8:15:00 AM For May, 2018
PriorPrior RevisedConsensusConsensus RangeActual
ADP employment204,000 163,000 187,000 180,000  to 225,000 178,000 

Highlights
Moderate strength is ADP's call for Friday's employment report, at 178,000 growth in private payrolls for May which is slightly below the Econoday consensus for 187,000 and also slightly below the 185,000 consensus for actual private payrolls. ADP has been running hotter than actual data making today's result feel a bit soft. The outsized strength in prior readings is evident in ADP's revision to April which is unusually severe, from an initial 204,000 to 163,000 which brings it in line with the actual 168,000 from the government.

Consensus Outlook
Econoday's consensus for ADP's private payroll estimate in May is 187,000 which would compare with 204,000 in ADP's April estimate and against 168,000 in the government's data for April. ADP has been running far stronger than actual payrolls.

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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