Automatic Data Processing ADP Employment Report
- Automatic Data Processing ADP Employment Report
Definition of 'Automatic Data Processing ADP Employment Report'
The ADP Employment Report is issued at the end of the month two days before the Employment Situation
Report. About 0.4 million businesses with 24 million employee from the private section go into this figure. The importance of this figure is because of its influence on monetary policy with respect to interest rates. When the job market is tight this will put upward pressure on wage inflation which will lead to higher interest rates, lower bond prices and a rising stock market. The opposite is true for stable or decreasing (rare) wages.
Do you have a trading or investing definition for our dictionary? Click the
Create Definition link to add your
own definition. You will earn 25
bonus reputation points for each definition that is accepted.
Is this definition wrong? Let us know by posting to the forum
and we will correct it.