ADP Employment Change rises in December

The ADP Research Institute is scheduled to release the December Jobs Survey on Thursday. This survey provides an independent estimate of private-sector employment and pay and is typically unveiled two days prior to the official Nonfarm Payrolls (NFP) report.

While the correlation between ADP and NFP numbers is not consistently precise, and there may be disparities between the two, market participants still closely monitor ADP figures as part of the array of employment-related releases leading up to the NFP publication.

In the preceding November report, the survey indicated that the private sector added 103,000 new positions, signaling “moderate growth in hiring and another slowdown in pay gains.”