U.S. Monthly Employment / ADP Estimate
Description:

ADP National Employment Report 

The ADP National Private Employment Report is a measure of nonfarm private employment, based on aggregated and anonymous payroll data. The report attempts to provide additional timely and accurate estimates of short-term movements in the national labor markets ADP pays 1-in-6 private sector employees in the United States across a broad range of industries, firm sizes, and geographies.

The data (after revisions) tend to track the government data over time, although on any given month there can be significant discrepancies. The ADP report does not include government employees.

Nonfarm Payroll Employment 

Non-Farm Payroll Employment is a monthly estimate of the number of payroll jobs at all nonfarm business establishments and government agencies. Information is also provided on the average number of hours worked per week and average hourly and weekly earnings. 

The rate of unemployment is released along with this report. 

Impact: Growth of employment and hours worked provide important information about the current and likely future pace of overall economic growth. Trends in average hourly earnings provide information about supply and demand conditions in labor markets, which may provide signals about the overall level of resource utilization in the economy.