US ADP Employment Change
The ADP National Employment Report is a monthly economic indicator that measures the change in non-farm private employment in the United States. The report is based on payroll data collected from approximately 400,000 private business clients of Automatic Data Processing, Inc. (ADP).
The ADP employment change is released two days before the US Bureau of Labor Statistics (BLS) releases its monthly employment report. The ADP report is often seen as a leading indicator of the BLS report and can provide investors with early insight into the state of the US labor market.
A higher-than-expected ADP employment change can be seen as a bullish signal for the US economy, as it suggests that businesses are hiring and the economy is growing. Conversely, a lower-than-expected ADP employment change can be seen as a bearish signal for the US economy, as it suggests that businesses are laying off workers and the economy is slowing down.
For August, US job growth slowed sharply to 177,000, which is below expectations.
This is well below the revised total of 371,000 added in July, while economists surveyed by Dow Jones were expecting 200,000 jobs added in August.
Markets were however, bucking the trend...
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The information available in this article/report/analysis is for sharing and education purposes only. This is neither a recommendation to purchase or sell any of the shares, securities, or other instruments mentioned; nor can it be treated as professional advice to buy, sell or take a position in any shares, securities, or other instruments. If you need specific investment advice, please consult the relevant professional investment advice and/or for study or research only.
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