Thursday, November 1, 2007

ADP Employment Report

The report was released Wednesday at 8:15 a.m. This indicator is better than any other indicator in effectively predicting the BLS's own monthly estimates on private, non-farm hiring. In other words, if you want a heads-up on what tomorrow's labor data may be, take a close look at the ADP report. Although I think it is going to take a much stronger employment situation than what the ADP is suggesting will be reported tomorrow to juice the market.

You can read the ADP Employment Report here.

If you are into chart-chomping, the report provides some nifty charts for your consideration.

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