ADP Non-Farm Employment Change
ADP Non-Farm Employment Change
About This Event
The ADP non-farm employment change for May will be released.
Previous: 291K
Forecast: 170K
The ADP non-farm employment change measures the monthly change in private employment based on the payroll data of around 400,000 U.S. business clients, excluding the farming sector. A higher than expected employment change is bullish, while a lower than expected employment change is bearish.
Private businesses in the US unexpectedly created 497K jobs in June 2023, the most since February 2022, and well above forecasts of 228K. The services sector added 373K jobs, led by leisure and hospitality (232K); trade/transportation/utilities (90K); and education/health (74K) while job losses were seen in information (-30K); financial activities (-16K); and professional/business (-5K). Meanwhile, the goods-producing industry added 124K jobs due to construction (97K) and mining (69K) while manufacturing lost 42K jobs. Small establishments created 299K jobs, and medium-sized 183K jobs while large firms shed 8K jobs. On the wage front, pay increases slowed for both job changers (11.2%, the slowest since October 2021) and job stayers (6.4% vs 6.6%). "Consumer-facing service industries had a strong June. But wage growth continues to ebb in these same industries, and hiring likely is cresting after a late-cycle surge", said Nela Richardson, chief economist, ADP. source: Automatic Data Processing, Inc.
Why This Event Matters
Economic releases such as ADP Non-Farm Employment Change are widely followed because they can shape expectations for growth, inflation, and monetary policy. Traders and investors often use these data points when assessing interest-rate outlooks, Treasury yields, and sector rotation themes. The scheduled timing is June 1, 2023 (America/New_York), subject to source updates.
Source summary: The ADP non-farm employment change for May will be released.
Previous: 291K Forecast: 170K
The ADP non-farm employment change measures the monthly change in private employment based on the payroll data of around 400,000 U.S. business clients, excluding the farming sector. A higher than expected employment change is bullish, while a lower than expected employment change is bearish.
Private...
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Frequently Asked Questions
- What is ADP Non-Farm Employment Change?
- It is a stock market catalyst entry on Catacal—an event or release investors and traders may monitor. Details are summarized from the cited source and may be updated over time.
- When is ADP Non-Farm Employment Change?
- The calendar shows Jun 1, 2023 (America/New_York). Verify the exact time and any changes using the source link when planning around the event.
- Why does ADP Non-Farm Employment Change matter for investors?
- Macro releases can influence rate expectations, yields, and sector leadership. Market participants often reassess positioning after the data.
- Which stocks or sectors could be affected?
- Symbols linked to this listing include SPY; other names in the same industry group may also move with related news.
- How is this event categorized?
- Catacal groups this entry under "Economic Data" for navigation. Categories help you find comparable catalysts and build a week-by-week watchlist.
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