ADP Non-Farm Employment Change is another economic indicator used to measure job growth in the United States. This indicator is released by ADP (Automatic Data Processing, Inc.), a human resources management services company. ADP collaborates with Moody’s Analytics to produce this report.
ADP Non-Farm Employment Change measures the change in the number of jobs in the U.S. private sector in a specific month, excluding the agricultural sector. It serves as an early indicator of labor market performance before official data from the U.S. Bureau of Labor Statistics is released.
The ADP Non-Farm Employment Change report displays the number of jobs added or lost in the private sector, as well as information about specific industry sectors. It is used by investors, economists, and analysts to understand employment trends in the United States and predict how official labor market data will appear when it is released.
It is an important gauge in labor market analysis and can provide an early insight into the health of the U.S. economy. However, it should be considered alongside other data such as the Unemployment Rate and Wage Growth to get a more comprehensive view of the labor market.