|History of Event Dates
ADP Employment Change refers to the monthly report produced by the Automatic Data Processing (ADP) Research Institute that provides an estimate of the total number of non-farm private employment in the United States. The ADP report is based on actual payroll data from a subset of U.S. companies that use ADP for their payroll services.
The ADP Employment Change report is important because it is considered a leading indicator of the monthly non-farm payrolls report, which is released by the U.S. Department of Labor's Bureau of Labor Statistics (BLS). The non-farm payrolls report is a key economic indicator that measures the number of jobs added or lost in the U.S. economy each month, excluding jobs in the farming sector. The ADP report is typically released two days before the non-farm payrolls report and can provide insight into what the non-farm payrolls report may show. Because job creation is a key driver of economic growth and consumer spending, both the ADP report and the non-farm payrolls report are closely watched by investors, policymakers, and economists.
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