ADP Non-Farm Employment Change

MeasuresEstimated change in the number of employed people during the previous month, excluding the farming industry and government;
Usual Effect'Actual' greater than 'Forecast' is good for currency;
FrequencyReleased monthly, usually on the first Wednesday after the month ends;
Next Release
FF NotesThis 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
Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;
Derived ViaADP analyzes payroll data from more than 25 million workers to derive employment growth estimations;
Acro ExpandAutomatic Data Processing, Inc. (ADP);