ADP Employment Report
ADP Employment Report is released by Automatic
Data Processsing Inc on the first Wednesday of each month. This
report was developed to meet the need for additional timely and
accurate estimates of short-term movements in the national labor
market among economists, financial professionals, and government
policy-makers.
Generally, this report measure the nonfarm private
employment change in United State on monthly basis. Hence, The
rising of this indicator has positive implications for consumer
spending which stimulates economic growth.
Therefore, a high reading is seen as positive or
bullish for the USD, while a low reading is seen as negative or
bearish for USD.
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