So how good is APD at predicting NFP, anyway?
With the monthly ADP payrolls figures delivering a solid set of data ahead of Friday’s nonfarm payrolls report, I take a closer look to see if the ADP can help pick the direction of NFP.
Articles tagged with "adp"
Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.
ADP large miss; But does it matter for NFP?
Looking at the series over the passed few months, there is volatility between ADP and NFP data
Whose employment data do you trust more? ADP or ISM
Depending on your answer, it may give you a better expectation for NFP on Friday
Gold probing 6-week highs after big ADP employment miss
While the ADP report can be a volatile leading indicator for NFP on a month-by-month basis, it’s undeniably concerning that it has shown declining employment growth and negative revisions for three consecutive months now.
US Dollar: Possible Profit Taking Actions before Non-farm Payrolls
On Tuesday, the ICE U.S. Dollar Index has stabilized after briefing dropping to its weakest level in more than two years, ending up 0.1% on day to 92.31. U.S. ADP private jobs report for August will be today's focus, with an increase of 1 million expected and compared with +167,000 in July.
StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation.
StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.