Econoday Report: ADP Employment Report 31, 2007

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ADP Employment Report

Definition
The ADP national employment report is computed from a subset of ADP records that in the last six months of 2006, represented approximately 364,000 U.S. business clients and approximately 22 million U.S. employees working in all private industrial sectors. The data are collected for pay periods that can be interpolated to include the week of the 12th of each month, and processed with statistical methodologies similar to those used by the U.S. Bureau of Labor Statistics to compute employment from its monthly survey of establishments. ADP contracted with Macroeconomic Advisors 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 at this time. (Automatic Data Processing (ADP)/Macroeconomic Advisers) Why Investors Care

Released on 1/31/07 For Jan 2007

ADP Nonfarm Private Payroll Employment
Actual	152,000M/M Difference
Previous	-40,000 M/M Difference

Highlights
ADP is calling for a 152,000 rise in January private payrolls, roughly in line with consensus. A dramatic surprise in Friday's data, whether high or low, would further shake confidence in ADP's tally, which in December missed badly on the downside. Markets showed no reaction to this morning's headline.

Trends

The new ADP employment report is aimed at improving payroll forecasts by providing information in advance of the employment report.

Data Source: Haver Analytics

2007 Release Schedule

Released On: 1/3 1/31 3/7 4/4 5/2 5/30 7/5 8/1 9/5 10/3 10/31 12/5

Released For: Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov