ADP Non-Farm Employment Change 5/10/2022

Determines the change in the level of those hired over the past month, excluding those hired in the agricultural sector
This indicator is published two days before the publication of the ADP Employment Report on the official Office of Human Resources Statistics, which provides solutions in the field of employment for companies

A new national employment report released by the ADP Research Institute in cooperation with the Digital Economy Lab at Stanford showed that private companies in the United States employed 132,000 workers in August of 2022, down from 268,000 in July. This is the lowest gain since the beginning of 2021, as service providers added 110,000 jobs, led by entertainment/hospitality (69k) and commerce/transportation/utilities (54k) while job losses were recorded in financial activities (-20k) and education/health. (-15 thousand). The goods production sector created 23 thousand jobs, due to construction (21 thousand) and natural resources / mining (2 thousand). "Our data suggests a shift toward a more conservative pace in hiring, perhaps as companies try to decipher the conflicting signals for the economy. We may be at an inflection point, from highly charged job gains to something more normal," said Nella Richardson. Chief Economist, ADP. The report also showed annual wages increasing 7.6% annually, in line with monthly readings since spring 2022.

Expectations for today's statement and how it affects the currency

Expectations for today's statement are 200 thousand
If the data is issued in numbers higher than expectations, this will positively affect the currency and vice versa

Statement release time

The statement will be issued at three o'clock in the evening, Mecca time