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ADP Employment Change Weekly

Name: ADP Employment Change Weekly
Creator: TipRanks

The 'ADP Employment Change Weekly' refers to a report that provides an estimate of the monthly change in non-farm private employment in the United States, based on payroll data collected by Automatic Data Processing, Inc. (ADP). It is significant because it offers insights into labor market trends and can influence economic policy decisions, investor sentiment, and financial markets. Typically, a stronger-than-expected increase in employment can boost confidence in economic growth, potentially leading to higher stock prices and influencing interest rate expectations. Conversely, weaker data may raise concerns about economic slowdown.