The United States will release the ADP (small non-farm) data tonight. Many friends may not know what the small non-farm is? Afeng will take you to learn more about it.
ADP (Automatic Data Processing) is the abbreviation of the American Automatic Data Processing Company. The US ADP employment data is released by the US Department of Labor on the first Wednesday of each month.
Non-farm refers to non-agricultural population. Non-farm data reflects the employment status of the non-agricultural population in the United States.
When ADP is higher than expected, it indicates that the employment situation in the United States is good.
It also reflects the trend of the US economy. Good data indicates good employment and stable income of the people.
Lower than expected
Indicates that the employment situation is not good, people's income has declined, commodity purchasing power is weak, and the economy has turned bad.
Non-farm data will also affect the Federal Reserve's monetary policy on the US dollar. If the economy is bad, the Federal Reserve will tend to cut interest rates and the US dollar will depreciate.
If the economy is good, the Federal Reserve will tend to raise interest rates and the US dollar will appreciate.
ADP reflects the employment problem in the private sector. If this data is good, it can be basically determined that the non-farm will be good.
Small non-farm data will directly affect non-farm data
