USD ADP Non-Farm Employment Change July 07, 2011

FF Notes : Leads the government-released employment data by 2 days, and has slowly demonstrated its predictive qualities since its May 2006 debut. Source changed the calculation methodology in Feb 2007 and Dec 2008 to better align with the government’s data.

Why Traders Care : Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.

US ADP Non-Farm Employment Change July 07, 2011

US ADP Non-Farm Employment Change July 07, 2011

Measures : Estimated change in the number of employed people during the previous month, excluding the farming industry and government.

Source : Automatic Data Processing, Inc. (latest release).

 

Information by Forex Factory