ADP report surprises on upside; points to “strong NFP report”

01 May 2019

 

The ADP National Employment Report is published monthly by the ADP Research Institute. The report provides an estimate of US non-farm employment based on payroll data. Since the report began to be published in 2006, its total private sector non-farm employment figures have exhibited a high correlation with the Bureau of Labor Statistics (BLS) non-farm payroll figures. The latest April figures indicate private sector employment grew by 275,000, well above...

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