ADP Nonfarm Employment Change 40K -30K 13Khttp://www.forexfactory.com/images/m...us_revised.gif
Measures Estimated change in the number of employed people during the previous month, excluding the farming industry and government; and is
released by Automatic Data Processing, Inc.
The above release on June 4th showed a much higher number of 40K over
the expected -30K.
My question is this:
Does the
Nonfarm Employment Change to be released tomorrow, June 6th,
correlate in any way with June 4th's ADP Nonfarm Employment Change?
I realize that June 6th's Nonfarm Employment Change is released
tomorrow by a different group - Bureau of Labor Statistics
But it too measures Change in the number of employed people during the previous month, excluding the farming industry;
If someone has been following these two releases regularly, could you
shed some light on any relation that exists between them?
Thanks
.
Measures Estimated change in the number of employed people during the previous month, excluding the farming industry and government; and is
released by Automatic Data Processing, Inc.
The above release on June 4th showed a much higher number of 40K over
the expected -30K.
My question is this:
Does the
Nonfarm Employment Change to be released tomorrow, June 6th,
correlate in any way with June 4th's ADP Nonfarm Employment Change?
I realize that June 6th's Nonfarm Employment Change is released
tomorrow by a different group - Bureau of Labor Statistics
But it too measures Change in the number of employed people during the previous month, excluding the farming industry;
If someone has been following these two releases regularly, could you
shed some light on any relation that exists between them?
Thanks
.