ADP Employment Change

Traders often consider employment figures from ADP, America’s largest payrolls provider, report as the harbinger of the Bureau of Labor Statistics release on Nonfarm Payrolls (usually published two days later), because of the correlation between the two. The overlaying of both series is quite high, but on individual months, the discrepancy can be substantial. Another reason FX traders follow this report is the same as with the NFP – a persistent vigorous growth in employment figures increases inflationary pressures, and with it, the likelihood that the Fed will raise interest rates. Actual figures beating consensus tend to be USD bullish.

Most recent - Wednesday 4 December 2024 13:15

Previous
233K
Revised
184K
Forecast
150K
Actual
146K

Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.

Next event - Wednesday 8 January 2025 13:15

Previous
146K
Forecast
139K
Actual
-

The typical/expected impact on USD pairs is high.

The consensus forecast for ADP Employment Change is 139K. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Trading range

Forecast history

The most recent announced value for ADP Employment Change was 146K against a forecast of 150K.

Past events

Date
Forecast
Actual
Wednesday 4 December 2024 13:15
150K
146K
Wednesday 30 October 2024 12:15
115K
233K
Wednesday 2 October 2024 12:15
120K
143K
Thursday 5 September 2024 12:15
145K
99K
Wednesday 31 July 2024 12:15
150K
122K
Wednesday 3 July 2024 12:15
160K
150K
Wednesday 5 June 2024 12:15
173K
152K
Wednesday 1 May 2024 12:15
175K
192K
Wednesday 3 April 2024 12:15
148K
184K
Wednesday 6 March 2024 13:15
150K
140K
Wednesday 31 January 2024 13:15
145K
107K
Thursday 4 January 2024 13:15
115K
164K
Wednesday 6 December 2023 13:15
130K
103K
Wednesday 1 November 2023 12:15
150K
113K
Wednesday 4 October 2023 12:15
153K
89K
Wednesday 30 August 2023 12:15
195K
177K
Wednesday 2 August 2023 12:15
189K
324K
Thursday 6 July 2023 12:15
228K
497K
Thursday 1 June 2023 12:15
170K
278K
Wednesday 3 May 2023 12:15
148K
296K
Wednesday 5 April 2023 12:15
200K
145K
Wednesday 8 March 2023 13:15
200K
242K
Wednesday 1 February 2023 13:15
178K
106K
Thursday 5 January 2023 13:15
150K
235K
Wednesday 30 November 2022 13:15
200K
127K
Wednesday 2 November 2022 12:15
195K
239K
Wednesday 5 October 2022 12:15
200K
208K
Wednesday 31 August 2022 12:15
288K
132K
Wednesday 31 August 2022 12:15
-
270K
Wednesday 31 August 2022 12:15
-
380K
Thursday 2 June 2022 12:15
300K
128K
Wednesday 4 May 2022 12:15
395K
247K
Wednesday 30 March 2022 12:15
450K
455K
Wednesday 2 March 2022 13:15
388K
475K
Wednesday 2 February 2022 13:15
207K
-301K

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next ADP Employment Change result:

PreviousLatest
Factory Orders (MoM)Bearish change0.5%-0.4%
S&P Global Composite PMIBearish change56.655.4
ISM Manufacturing Employment IndexBearish change48.145.3
ISM Manufacturing New Orders IndexBullish change50.452.5
ISM Manufacturing PMIBullish change48.449.3
ISM Manufacturing Prices PaidBullish change50.352.5
Initial Jobless ClaimsBullish change220K211K
Housing Price Index (MoM)Bearish change0.7%0.4%
Pending Home Sales (MoM)Bullish change1.8%2.2%
Chicago Purchasing Managers' IndexBearish change40.236.9
Initial Jobless ClaimsBullish change220K219K

About ADP Employment Change

Country:United States
Currency:USD
Source:ADP Research Institute
Category:Labor Market
Frequency:Monthly
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