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New ADP Methodology Coming Early Wednesday

US DATA
ADP will release it's retooled private-sector employment report early Wednesday (0815ET) after pausing the report back on June 30.
  • ADP and the "Stanford Digital Economy Lab (the Lab) have developed a new methodology for the ADP National Employment Report (NER) that will provide a more robust, high-frequency view of the labor market with a focus on both jobs and pay. Using fine-grained data, this new measure will deliver a richer labor market analysis that will help answer key economic and business questions and offer insights relevant to a broader audience."
  • JPM analysts think "the most important aspects of the report will be an estimate of the monthly nonfarm private employment change ahead of the related BLS reading (similar to what was included in the prior ADP reports) and an estimate of the median annual pay growth (a new feature of the ADP report)."
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