Automatic Data Processing, Inc. (latest release)
Measures Estimated change in the number of employed people during the previous month, excluding the farming industry and government;
Usual Effect Actual > Forecast = Good for currency;
Frequency Released monthly, about 2 days after the month ends;
Next Release Aug 3, 2016
FF Notes This data provides an early look at employment growth, usually 2 days ahead of the government-released employment data that it's designed to mimic. Source changed series calculation formula in Feb 2007, Dec 2008, and Nov 2012, to better align with government data;
Why Traders
Care Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;
Derived Via ADP provides payroll services to US corporations, and they analyze data from around 400,000 customers to derive employment growth estimations;
Acro Expand Automatic Data Processing, Inc. (ADP);