Economic event · Employment

ADP National Employment Report

A monthly estimate of the change in private-sector employment in the United States, produced by the payroll company ADP from its own records. It is a private measure, not an official statistic.

Around a release

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The release

How it is measured.

ADP processes pay for a large share of American private employers. Its research arm counts the employees on those payrolls, anonymised, and weights the result to represent private employment as a whole. The report also gives a measure of pay for people who stayed in their jobs and for those who changed.

Why markets watch it.

It is usually published two days before the official employment report and is drawn from actual payroll records, where the official figure comes from a survey. It is read as a second opinion on hiring, and its pay figures for their own sake.

How it is commonly misread.

It is not a preview of the official payroll figure. The two measure private employment by different methods, on different samples, and have differed widely in individual months, in both directions. ADP has said that its report is meant to stand as an independent measure and not as a forecast of the government’s. It also leaves out government jobs, which the official total includes.

An explanation of why the release is followed, not a view on what any market will do when it is published. Educational information, not investment advice or a recommendation to trade.

Commonly monitored alongside it

Currencies and instruments that market participants commonly follow around this release. Listed for context; inclusion says nothing about direction.

Primary sources

Who publishes it.

The figures, the methodology and the release schedule are on the publisher’s own website. That is the only place this page sends you for a date.

Publishers of the ADP National Employment Report, by area, with links to the primary source
Area	Publisher	Primary source
United States	ADP Research	adpemploymentreport.com (opens in a new tab)

Cadence: Monthly, usually two days before the official employment report
Dates: Not shown on this page: GIO4X keeps no economic calendar of its own. TradingView’s calendar · All publishers’ pages

Connected

Read it in context.

Related concepts and releases

Central banks it is read against

Federal ReserveTarget range for the federal funds rate. Washington, D.C.

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