ADP Non-Farm Employment Change
ADP Non-Farm Employment Change
About This Event
The ADP non-farm employment change for August will be released.
Previous: 111K
Forecast: 145K
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 added 99K workers to their payrolls in August 2024, the lowest number since January 2021, following a downwardly revised 111K in July and well below forecasts of 145K. Figures showed the labor market continued to cool for the fifth straight month while wage growth was stable. The service-producing sector added 72K jobs, led by education/health services (29K); financial activities (18K); trade/transportation/utilities (14K); and leisure/hospitality (11K) while job losses occurred in professional/business services (-16K) and information (-4K). Meanwhile, the goods-producing sector added 27K jobs in construction (27K) and natural resources/mining (8K) while manufacturing shed 8K jobs. Year-over-year, pay gains were flat, remaining at 4.8% for job-stayers and 7.3% for job-changers. "The job market's downward drift brought us to slower-than-normal hiring after two years of outsized growth", 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 September 5, 2024 (America/New_York), subject to source updates.
Source summary: The ADP non-farm employment change for August will be released.
Previous: 111K Forecast: 145K
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 Sep 5, 2024 (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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