ADP Nonfarm Employment Change (Sep) Actual: 200K; Forecast: 194K; Previous: 190K;
The ADP National Employment Report is a measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients. The release, two days ahead of government data, is a good predictor of the government's non-farm payroll report. The change in this indicator can be very volatile.
The data is higher than expected reading. It should be taken as bullish for the USD.
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