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ADA nonfarm payroll: preview of Fed Payroll?
• the ada national employment report released this week
• Payrol numbers reported was 177K, lower than the Forecast 195K. Last monthsh was 371K
• Payrol numbers reported was 177K, lower than the Forecast 195K. Last monthsh was 371K
The ADP National Employment Report measures the monthly change in private employment outside farms based on the payroll data of approximately 400,000 U.S. business clients. The release, two days ahead of government data, is a good predictor of the government's non-farm payroll report.
A higher-than-expected reading should be taken as positive/bullish for the USD, while a lower-than-expected reading should be taken as negative/bearish for the USD.
Mooers, does this mean the national report will match?
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Moo moo News and Community Manager, NJ Office.
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